China Yuchai International (NYSE:CYD) Stock Rating Cut to Hold at Wall Street Zen

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

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

China Yuchai International Price Performance

NYSE:CYD opened at $32.96 on Friday. China Yuchai International has a 52 week low of $28.65 and a 52 week high of $61.48. The firm has a 50 day moving average of $41.06 and a 200 day moving average of $44.42.

China Yuchai International Increases Dividend

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

Insiders Place Their Bets

In other news, CFO Loo Sen sold 13,200 shares of China Yuchai International stock in a transaction 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Neo Kiat sold 8,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were 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 in the company, valued at $365,520. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Institutional Trading of China Yuchai International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP increased its holdings in shares of China Yuchai International by 25.7% in the second quarter. Engineers Gate Manager LP now owns 32,487 shares of the company’s stock valued at $1,540,000 after purchasing an additional 6,647 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of China Yuchai International during the second quarter worth about $280,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of China Yuchai International during the second quarter worth about $211,000. Susquehanna Fundamental Investments LLC purchased a new stake in China Yuchai International in the second quarter valued at approximately $455,000. Finally, World Equity Group Inc. purchased a new stake in China Yuchai International in the second quarter valued at approximately $315,000.

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.