China Yuchai International (NYSE:CYD) Shares Gap Down – Time to Sell?

Shares of China Yuchai International Limited (NYSE:CYD) gapped down prior to trading on Thursday . The stock had previously closed at $45.63, but opened at $43.23. China Yuchai International shares last traded at $40.6460, with a volume of 8,145 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CYD shares. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. Wall Street Zen upgraded shares of China Yuchai International from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Weiss Ratings raised shares of China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Greenridge Global upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Citigroup raised shares of China Yuchai International to a “buy” rating in a research note on Monday, July 27th. Three research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $60.00.

China Yuchai International Stock Down 9.6%

The stock’s 50 day moving average price is $46.68 and its 200-day moving average price is $46.76.

China Yuchai International Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, July 28th. Investors of record on Friday, July 17th were given a dividend of $0.87 per share. This represents a dividend yield of 198.0%. This is a boost 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 other news, Director Poh Kiat Neo sold 8,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $45.69, for a total value of $365,520.00. Following the transaction, the director owned 8,000 shares in the company, valued at $365,520. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Choon Sen Loo sold 13,200 shares of China Yuchai International stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total value of $619,740.00. Following the transaction, the chief financial officer directly owned 13,200 shares in the company, valued at approximately $619,740. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CYD. Matthews International Capital Management LLC raised its position in China Yuchai International by 423.7% in the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock worth $12,475,000 after purchasing an additional 262,165 shares during the period. Renaissance Technologies LLC increased its position in shares of China Yuchai International by 23.4% during the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock worth $13,229,000 after acquiring an additional 65,109 shares during the period. Dorsey Wright & Associates raised its stake in shares of China Yuchai International by 41.6% during the first quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock valued at $3,473,000 after acquiring an additional 26,482 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of China Yuchai International by 143.1% in the first quarter. Ritholtz Wealth Management now owns 24,587 shares of the company’s stock valued at $947,000 after purchasing an additional 14,474 shares during the period. Finally, Precision Wealth Strategies LLC bought a new position in China Yuchai International in the fourth quarter worth approximately $898,000.

China Yuchai International Company Profile

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.