China Yuchai International (NYSE:CYD) Reaches New 12-Month Low – Here’s What Happened

China Yuchai International Limited (NYSE:CYD) shares reached a new 52-week low on Monday. The stock traded as low as $21.80 and last traded at $22.1850, with a volume of 75,503 shares trading hands. The stock had previously closed at $22.45.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CYD. Citigroup raised China Yuchai International to a “buy” rating in a report on Monday, July 27th. Wall Street Zen lowered shares of China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Weiss Ratings lowered shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Zacks Research cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Finally, Greenridge Global upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Stock Performance

The business has a 50 day moving average price of $30.92 and a 200-day moving average price of $42.52.

Insider Activity

In other news, CFO Loo Sen sold 13,200 shares of China Yuchai International stock in a transaction that occurred 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 in the company, valued at approximately $619,740. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Neo Kiat sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $45.69, for a total value of $365,520.00. Following the transaction, the director directly owned 8,000 shares in the company, valued at $365,520. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Hedge Funds Weigh In On China Yuchai International

Several large investors have recently modified their holdings of CYD. Matthews International Capital Management LLC raised its holdings 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 valued at $12,475,000 after acquiring an additional 262,165 shares during the period. Renaissance Technologies LLC increased its holdings in China Yuchai International by 23.4% in the 1st 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 in the last quarter. Dorsey Wright & Associates increased its stake 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 buying an additional 26,482 shares during the period. Bank of America Corp DE lifted its holdings in shares of China Yuchai International by 160.1% during the first quarter. Bank of America Corp DE now owns 22,389 shares of the company’s stock worth $862,000 after purchasing an additional 13,781 shares during the period. Finally, Diversify Wealth Management LLC raised its position in China Yuchai International by 41.2% during the 1st quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company’s stock worth $3,063,000 after purchasing an additional 22,305 shares during the last quarter.

China Yuchai International Company Profile

China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary, Guangxi Yuchai Machinery Company Limited, manufactures and sells engines in China. The company is one of the country’s established engine producers and serves commercial vehicle, transportation, construction, agricultural and marine equipment markets.

Its product portfolio includes diesel, natural-gas and other powertrain products used in trucks, buses, passenger vehicles, construction machinery, agricultural equipment, vessels and power-generation applications.