China Yuchai International (NYSE:CYD) Stock Rating Lowered by Wall Street Zen

China Yuchai International (NYSE:CYD) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other research analysts also recently issued reports about the stock. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Greenridge Global upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Citigroup raised China Yuchai International to a “buy” rating in a report on Monday, July 27th. Finally, Weiss Ratings upgraded China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Three 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, the stock currently has a consensus rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Stock Performance

Shares of NYSE:CYD opened at $39.96 on Friday. The firm has a 50 day moving average of $46.30 and a 200-day moving average of $46.68. China Yuchai International has a 12 month low of $28.65 and a 12 month high of $61.48.

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 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 completion of the sale, the director directly owned 8,000 shares in the company, valued at $365,520. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Choon Sen Loo sold 13,200 shares of China Yuchai International stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total transaction of $619,740.00. Following the transaction, the chief financial officer directly owned 13,200 shares of the company’s stock, valued at $619,740. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in shares of China Yuchai International during the 1st quarter valued at about $422,000. Jane Street Group LLC acquired a new stake in China Yuchai International during the first quarter worth approximately $1,409,000. JPMorgan Chase & Co. bought a new stake in China Yuchai International in the second quarter worth approximately $1,278,000. Quantbot Technologies LP acquired a new position in China Yuchai International in the second quarter valued at approximately $48,000. Finally, Jump Financial LLC acquired a new position in China Yuchai International in the second quarter valued at approximately $891,000.

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.