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

China Yuchai International Limited (NYSE:CYD)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $29.82, but opened at $28.14. China Yuchai International shares last traded at $28.2640, with a volume of 4,782 shares changing hands.

Wall Street Analysts Forecast Growth

CYD has been the topic of a number of analyst reports. Zacks Research lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Wall Street Zen downgraded shares of China Yuchai International from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Greenridge Global raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Citigroup raised shares of China Yuchai International to a “buy” rating in a report on Monday, July 27th. Finally, Weiss Ratings downgraded shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, China Yuchai International has a consensus rating of “Buy” and an average target price of $60.00.

China Yuchai International Stock Performance

The stock has a 50-day moving average price of $37.73 and a 200-day moving average price of $43.63.

Insider Buying and Selling

In other China Yuchai International news, Director Neo Kiat sold 8,000 shares of China Yuchai International stock in a transaction that occurred 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 sale, the director directly owned 8,000 shares in the company, valued at $365,520. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Loo Sen sold 13,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total value of $619,740.00. Following the completion of the transaction, the chief financial officer directly owned 13,200 shares in the company, valued at approximately $619,740. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Trading of China Yuchai International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Personal CFO Solutions LLC raised its holdings in China Yuchai International by 2.9% in the first quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company’s stock valued at $407,000 after acquiring an additional 293 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in China Yuchai International by 101.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 886 shares of the company’s stock worth $27,000 after acquiring an additional 447 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in China Yuchai International by 1.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 35,186 shares of the company’s stock worth $1,355,000 after acquiring an additional 603 shares in the last quarter. Blue Trust Inc. acquired a new position in China Yuchai International during the 1st quarter worth $69,000. Finally, Baron Wealth Management LLC increased its position in shares of China Yuchai International by 32.3% in the 2nd quarter. Baron Wealth Management LLC now owns 7,783 shares of the company’s stock worth $369,000 after purchasing an additional 1,898 shares during the last quarter.

China Yuchai International Company Profile

China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.

The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.