China Yuchai International (NYSE:CYD) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of China Yuchai International (NYSE:CYD) from a hold rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other analysts have also weighed in on the company. Greenridge Global raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Weiss Ratings downgraded China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday. Citigroup upgraded shares of China Yuchai International to a “buy” rating in a research report on Monday, July 27th. Finally, Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Stock Performance

CYD opened at $35.76 on Friday. China Yuchai International has a 1-year low of $28.65 and a 1-year high of $61.48. The stock’s 50 day simple moving average is $43.40 and its 200 day simple moving average is $45.24.

China Yuchai International Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, July 28th. Stockholders of record on Friday, July 17th were issued a $0.87 dividend. This represents a dividend yield of 198.0%. This is a positive change from China Yuchai International’s previous annual dividend of $0.53. The ex-dividend date of this dividend was Friday, July 17th.

Insider Buying and Selling at China Yuchai International

In related news, Director Neo Kiat sold 8,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $45.69, for a total transaction of $365,520.00. Following the sale, the director owned 8,000 shares of the company’s stock, valued at $365,520. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Loo Sen sold 13,200 shares of China Yuchai International stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total value of $619,740.00. Following the sale, the chief financial officer owned 13,200 shares of the company’s stock, valued at approximately $619,740. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On China Yuchai International

Several hedge funds have recently modified their holdings of CYD. Quantbot Technologies LP acquired a new position in shares of China Yuchai International in the second quarter valued at approximately $48,000. Public Employees Retirement Association of Colorado purchased a new stake in China Yuchai International in the 4th quarter worth approximately $50,000. Advisory Services Network LLC purchased a new stake in China Yuchai International in the 3rd quarter worth approximately $66,000. Deutsche Bank AG purchased a new stake in China Yuchai International in the 4th quarter worth approximately $67,000. Finally, Blue Trust Inc. acquired a new position in China Yuchai International in the 1st quarter valued at $69,000.

About China Yuchai International

China Yuchai International Limited is a Cayman Islands-based holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited, one of China’s major manufacturers of diesel and natural-gas engines. The company designs, develops, manufactures and sells engines for commercial vehicles, passenger vehicles, buses, construction and agricultural equipment, marine applications, and power-generation systems.

China Yuchai’s product portfolio includes engines across a range of power requirements, along with related components, spare parts and services.