China Yuchai International Limited (NYSE:CYD) Receives Consensus Recommendation of “Strong Buy” from Brokerages

China Yuchai International Limited (NYSE:CYD) has received a consensus recommendation of “Strong Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $60.00.

A number of brokerages recently commented on CYD. Weiss Ratings raised China Yuchai International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Citigroup raised China Yuchai International to a “buy” rating in a report on Monday, July 27th. Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Greenridge Global raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Wall Street Zen cut China Yuchai International from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd.

Insider Buying and Selling

In other news, CFO Choon Sen Loo sold 13,200 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 13,200 shares of the company’s stock, valued at $619,740. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Poh Kiat Neo sold 8,000 shares of the 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 sale, the director directly owned 8,000 shares of the company’s stock, valued at approximately $365,520. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new stake in China Yuchai International in the 1st quarter worth $422,000. Jane Street Group LLC bought a new stake in China Yuchai International during the first quarter valued at about $1,409,000. JPMorgan Chase & Co. purchased a new position in shares of China Yuchai International in the second quarter valued at about $1,278,000. Quantbot Technologies LP purchased a new position in shares of China Yuchai International in the second quarter valued at about $48,000. Finally, Jump Financial LLC bought a new position in shares of China Yuchai International in the second quarter worth about $891,000.

China Yuchai International Stock Down 5.3%

Shares of CYD stock opened at $38.23 on Friday. China Yuchai International has a 12 month low of $28.65 and a 12 month high of $61.48. The company has a 50 day simple moving average of $45.23 and a two-hundred day simple moving average of $46.36.

China Yuchai International Increases Dividend

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

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.