China Yuchai International (NYSE:CYD) Director Sells $365,520.00 in Stock

China Yuchai International Limited (NYSE:CYD) Director Poh Kiat Neo sold 8,000 shares of the company’s stock in a transaction dated 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 directly owned 8,000 shares of the company’s stock, valued at $365,520. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

China Yuchai International Trading Down 11.3%

Shares of China Yuchai International stock opened at $38.51 on Friday. China Yuchai International Limited has a 12-month low of $28.65 and a 12-month high of $61.48. The firm’s 50-day moving average price is $46.50 and its two-hundred day moving average price is $46.72.

China Yuchai International Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, July 28th. Investors of record on Friday, July 17th were paid a $0.87 dividend. This represents a 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.

Institutional Trading of China Yuchai International

A number of hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in shares of China Yuchai International during the second quarter worth $48,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of China Yuchai International during the 4th quarter valued at $50,000. Advisory Services Network LLC bought a new stake in China Yuchai International during the 3rd quarter worth $66,000. Deutsche Bank AG acquired a new position in China Yuchai International in the 4th quarter worth about $67,000. Finally, Blue Trust Inc. acquired a new position in China Yuchai International in the 1st quarter worth about $69,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CYD. Wall Street Zen upgraded China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings raised China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Greenridge Global upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Citigroup raised China Yuchai International to a “buy” rating in a research note on Monday, July 27th. Finally, Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $60.00.

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.