China Yuchai International (NYSE:CYD) Shares Gap Down – Here’s What Happened

China Yuchai International Limited (NYSE:CYD)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $45.63, but opened at $43.23. China Yuchai International shares last traded at $40.6460, with a volume of 8,145 shares trading hands.

Wall Street Analyst Weigh In

CYD has been the subject of several research reports. Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Greenridge Global raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Wall Street Zen cut China Yuchai International from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Citigroup raised shares of China Yuchai International to a “buy” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $60.00.

China Yuchai International Stock Performance

The business’s 50 day simple moving average is $46.30 and its 200-day simple moving average is $46.67.

China Yuchai International Increases Dividend

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

Insider Activity at China Yuchai International

In other news, Director Poh Kiat Neo sold 8,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $45.69, for a total transaction of $365,520.00. Following the completion of the transaction, the director owned 8,000 shares of the company’s stock, valued at approximately $365,520. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Choon Sen Loo sold 13,200 shares of the company’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 sale, the chief financial officer owned 13,200 shares of the company’s stock, valued at approximately $619,740. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CYD. Quantbot Technologies LP bought a new stake in shares of China Yuchai International during the 2nd quarter valued at approximately $48,000. Public Employees Retirement Association of Colorado acquired a new position in China Yuchai International during the 4th quarter worth approximately $50,000. Advisory Services Network LLC bought a new position in China Yuchai International in the 3rd quarter valued at approximately $66,000. Deutsche Bank AG bought a new position in China Yuchai International in the 4th quarter valued at approximately $67,000. Finally, Blue Trust Inc. acquired a new stake in China Yuchai International in the first quarter valued at approximately $69,000.

About China Yuchai International

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.