China Yuchai International (NYSE:CYD) Trading Down 8.4% – What’s Next?

China Yuchai International Limited (NYSE:CYD) shares traded down 8.4% on Thursday . The company traded as low as $32.26 and last traded at $31.7010. 25,335 shares traded hands during trading, a decline of 85% from the average daily volume of 173,643 shares. The stock had previously closed at $34.60.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Greenridge Global raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Citigroup raised shares of China Yuchai International to a “buy” rating in a research note on Monday, July 27th. Wall Street Zen upgraded China Yuchai International from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. Finally, Weiss Ratings downgraded China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $60.00.

China Yuchai International Price Performance

The stock has a fifty day moving average price of $41.55 and a 200-day moving average price of $44.57.

China Yuchai International Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, July 28th. Shareholders of record on Friday, July 17th were paid 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 was Friday, July 17th.

Insider Transactions at China Yuchai International

In other China Yuchai International news, Director Neo Kiat sold 8,000 shares of the stock in a transaction dated Monday, August 17th. The shares were 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 represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Loo Sen sold 13,200 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total transaction of $619,740.00. Following the completion of the sale, the chief financial officer owned 13,200 shares in the company, valued at $619,740. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On China Yuchai International

Institutional investors have recently bought and sold shares of the company. Matthews International Capital Management LLC increased its position in shares of China Yuchai International by 423.7% during the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock worth $12,475,000 after purchasing an additional 262,165 shares in the last quarter. Renaissance Technologies LLC raised its stake in China Yuchai International by 23.4% in the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock valued at $13,229,000 after buying an additional 65,109 shares during the last quarter. Inspire Investing LLC acquired a new stake in China Yuchai International in the first quarter worth about $1,653,000. Pinpoint Asset Management Singapore Pte. Ltd. grew its stake in shares of China Yuchai International by 351.8% during the fourth quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 46,196 shares of the company’s stock worth $1,640,000 after acquiring an additional 35,971 shares during the last quarter. Finally, Dorsey Wright & Associates grew its stake in shares of China Yuchai International by 41.6% during the first quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock worth $3,473,000 after acquiring an additional 26,482 shares during the last quarter.

China Yuchai International Company Profile

China Yuchai International Limited is a Cayman Islands-based holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited, one of China’s major manufacturers of diesel and natural-gas engines. The company designs, develops, manufactures and sells engines for commercial vehicles, passenger vehicles, buses, construction and agricultural equipment, marine applications, and power-generation systems.

China Yuchai’s product portfolio includes engines across a range of power requirements, along with related components, spare parts and services.