Choon Sen Loo Sells 13,200 Shares of China Yuchai International (NYSE:CYD) Stock

China Yuchai International Limited (NYSE:CYD) CFO Choon Sen Loo sold 13,200 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

China Yuchai International Stock Performance

CYD stock opened at $45.42 on Friday. China Yuchai International Limited has a fifty-two week low of $28.29 and a fifty-two week high of $61.48. The company’s 50 day moving average price is $47.36 and its 200 day moving average price is $46.79.

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 issued a $0.87 dividend. 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 of this dividend was Friday, July 17th.

Analysts Set New Price Targets

A number of research analysts recently commented on CYD shares. Weiss Ratings raised shares of China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday. Citigroup upgraded China Yuchai International to a “buy” rating in a research note on Monday, July 27th. Zacks Research cut shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 16th. Wall Street Zen raised China Yuchai International from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Greenridge Global raised 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. According to MarketBeat, China Yuchai International currently has a consensus rating of “Buy” and an average target price of $60.00.

Institutional Trading of China Yuchai International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new stake in shares of China Yuchai International in the first quarter valued at $422,000. Jane Street Group LLC purchased a new position in China Yuchai International in the first quarter valued at approximately $1,409,000. JPMorgan Chase & Co. acquired a new position in shares of China Yuchai International during the 2nd quarter valued at $1,278,000. Quantbot Technologies LP acquired a new position in shares of China Yuchai International during the second quarter worth about $48,000. Finally, Jump Financial LLC purchased a new position in China Yuchai International in the 2nd quarter worth 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.