China Yuchai International (NYSE:CYD) Stock Jumps 6.5% – Time to Buy?

Shares of China Yuchai International Limited (NYSE:CYD) rose 6.5% on Friday. The company traded as high as $33.50 and last traded at $33.2410. 15,057 shares were traded during trading, a decline of 91% from the average daily volume of 173,778 shares. The stock had previously closed at $31.20.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CYD. Weiss Ratings downgraded China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Wall Street Zen upgraded shares of China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Citigroup raised shares of China Yuchai International to a “buy” rating in a report on Monday, July 27th. Greenridge Global upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, China Yuchai International presently has an average rating of “Buy” and an average price target of $60.00.

China Yuchai International Trading Up 6.8%

The stock has a fifty day simple moving average of $41.28 and a 200 day simple moving average of $44.50.

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. 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. This represents a yield of 198.0%.

Insider Activity at China Yuchai International

In related news, Director Neo Kiat 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 value of $365,520.00. Following the transaction, the director directly owned 8,000 shares of the company’s stock, valued at approximately $365,520. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Loo Sen sold 13,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total value of $619,740.00. Following the completion of the transaction, the chief financial officer directly owned 13,200 shares in the company, valued at approximately $619,740. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On China Yuchai International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Matthews International Capital Management LLC grew its stake in China Yuchai International by 423.7% during the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock valued at $12,475,000 after acquiring an additional 262,165 shares in the last quarter. Renaissance Technologies LLC increased its holdings in China Yuchai International by 23.4% in the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock valued at $13,229,000 after acquiring an additional 65,109 shares during the last quarter. Dorsey Wright & Associates lifted its stake in China Yuchai International by 41.6% in the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock worth $3,473,000 after purchasing an additional 26,482 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of China Yuchai International by 143.1% during the 1st 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 last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of China Yuchai International by 160.1% during the 1st quarter. Bank of America Corp DE now owns 22,389 shares of the company’s stock valued at $862,000 after purchasing an additional 13,781 shares during the last quarter.

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.