Key Points
- CFO Choon Sen Loo sold 13,200 shares of China Yuchai International at an average price of $46.95, generating $619,740 and reducing his direct ownership by 50%.
- CYD shares opened at $45.36, compared with 50-day and 200-day moving averages of $47.14 and $46.78, respectively; the stock has traded between $28.47 and $61.48 over the past year.
- The company increased its annual dividend to $0.87 per share from $0.53, while analyst coverage remains favorable with a consensus “Buy” rating and an average price target of $60.00.
China Yuchai International Limited (NYSE:CYD - Get Free Report) 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 completion of the transaction, the chief financial officer directly owned 13,200 shares of the company's stock, valued at $619,740. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
China Yuchai International Stock Performance
Shares of NYSE CYD opened at $45.36 on Friday. The firm's 50-day moving average price is $47.14 and its 200-day moving average price is $46.78. China Yuchai International Limited has a 12-month low of $28.47 and a 12-month high of $61.48.
China Yuchai International Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Tuesday, July 28th. Shareholders of record on Friday, July 17th were given a dividend of $0.87 per share. This represents a yield of 198.0%. This is a boost from China Yuchai International's previous annual dividend of $0.53. The ex-dividend date was Friday, July 17th.
Institutional Trading of China Yuchai International
A number of large investors have recently made changes to their positions in CYD. Matthews International Capital Management LLC grew its stake 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 acquiring an additional 262,165 shares in the last quarter. Renaissance Technologies LLC raised its stake 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 valued at $13,229,000 after acquiring an additional 65,109 shares in the last quarter. Dorsey Wright & Associates boosted its holdings in shares of China Yuchai International by 41.6% in the first quarter. Dorsey Wright & Associates now owns 90,208 shares of the company's stock valued at $3,473,000 after purchasing an additional 26,482 shares during the period. Precision Wealth Strategies LLC purchased a new stake in shares of China Yuchai International in the fourth quarter valued at approximately $898,000. Finally, Ritholtz Wealth Management grew its stake in China Yuchai International by 143.1% in the first quarter. Ritholtz Wealth Management now owns 24,587 shares of the company's stock worth $947,000 after purchasing an additional 14,474 shares in the last quarter.
Analyst Ratings Changes
A number of equities analysts have recently commented on CYD shares. Zacks Research cut China Yuchai International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 16th. Citigroup upgraded shares of China Yuchai International to a "buy" rating in a research report on Monday, July 27th. Wall Street Zen raised shares of China Yuchai International from a "hold" rating to a "buy" rating in a research note 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. Finally, Greenridge Global upgraded shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, China Yuchai International presently has a consensus rating of "Buy" and an average price target of $60.00.
Read Our Latest Report on CYD
About China Yuchai International
(
Get Free Report)
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.
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