China Yuchai International Limited (NYSE:CYD) Receives Consensus Rating of “Buy” from Analysts

China Yuchai International Limited (NYSE:CYD) has been given a consensus rating of “Buy” by the five brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $60.00.

CYD has been the topic of a number of recent analyst reports. Citigroup raised shares of China Yuchai International to a “buy” rating in a research report on Monday, July 27th. Wall Street Zen lowered China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Greenridge Global raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th.

China Yuchai International Price Performance

Shares of China Yuchai International stock opened at $39.92 on Friday. The business has a 50-day simple moving average of $45.60 and a 200-day simple moving average of $46.49. China Yuchai International has a one year low of $28.65 and a one year high of $61.48.

China Yuchai International Increases Dividend

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

Insider Activity at China Yuchai International

In other China Yuchai International news, CFO Choon Sen Loo sold 13,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total transaction 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 trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Poh Kiat Neo sold 8,000 shares of the business’s stock in a transaction that occurred 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 represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On China Yuchai International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in China Yuchai International in the second quarter valued at $48,000. Public Employees Retirement Association of Colorado purchased a new position in shares of China Yuchai International during the fourth quarter worth about $50,000. Advisory Services Network LLC acquired a new stake in shares of China Yuchai International during the third quarter worth about $66,000. Deutsche Bank AG acquired a new stake in shares of China Yuchai International during the fourth quarter worth about $67,000. Finally, Blue Trust Inc. purchased a new stake in shares of China Yuchai International in the 1st quarter valued at about $69,000.

About China Yuchai International

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.