Key Points
- Director Poh Kiat Neo sold 8,000 China Yuchai shares at an average price of $45.69, generating $365,520 and reducing their ownership by 50% to 8,000 shares.
- China Yuchai shares opened at $45.58, down 1.8%, while the company increased its annual dividend to $0.87 per share from $0.53.
- Analyst sentiment remains positive: the stock has a consensus “Buy” rating and a $60 price target, with several firms recently upgrading their recommendations.
China Yuchai International Limited (NYSE:CYD - Get Free Report) Director Poh Kiat Neo 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 value of $365,520.00. Following the completion of the sale, the director owned 8,000 shares in the company, valued at approximately $365,520. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
China Yuchai International Stock Down 1.8%
Shares of NYSE CYD opened at $45.58 on Wednesday. China Yuchai International Limited has a one year low of $28.65 and a one year high of $61.48. The business's fifty day moving average price is $46.78 and its 200-day moving average price is $46.78.
China Yuchai International Increases Dividend
The firm also recently announced 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 is a boost from China Yuchai International's previous annual dividend of $0.53. This represents a yield of 198.0%. The ex-dividend date was Friday, July 17th.
Institutional Trading of China Yuchai International
Hedge funds and other institutional investors have recently bought and sold shares of the company. Matthews International Capital Management LLC boosted its position in shares of China Yuchai International by 423.7% during the 1st 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 during the last quarter. Renaissance Technologies LLC increased its position in shares of China Yuchai International by 23.4% in the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company's stock worth $13,229,000 after purchasing an additional 65,109 shares during the last quarter. Dorsey Wright & Associates raised its stake in 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 in the last quarter. Precision Wealth Strategies LLC purchased a new stake in China Yuchai International in the fourth quarter valued at approximately $898,000. Finally, Ritholtz Wealth Management lifted its position in China Yuchai International by 143.1% during 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 last quarter.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Citigroup upgraded shares of China Yuchai International to a "buy" rating in a research note on Monday, July 27th. Wall Street Zen upgraded China Yuchai International from a "hold" rating to a "buy" rating in a research report on Saturday, June 20th. Greenridge Global raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Weiss Ratings upgraded China Yuchai International from a "hold (c-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Finally, Zacks Research raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $60.00.
Check Out Our Latest Stock Analysis on China Yuchai International
About China Yuchai International
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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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