China Yuchai International (NYSE:CYD) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded China Yuchai International from “hold” to “buy,” joining several analysts with positive revisions. The stock has an overall “Buy” consensus rating and a $60 consensus price target.
• Shares opened at $35.76, down 0.4%, compared with a 52-week range of $28.65 to $61.48; the 50-day and 200-day moving averages were $43.40 and $45.24, respectively.
• Several institutional investors increased their positions, while the CFO and a director each sold half of their respective holdings in recent transactions.

China Yuchai International (NYSE:CYD - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. 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. Zacks Research raised shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 14th. Citigroup raised shares of China Yuchai International to a "buy" rating in a research report on Monday, July 27th. Finally, Weiss Ratings lowered shares of China Yuchai International from a "buy (b-)" rating to a "hold (c)" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $60.00.

China Yuchai International Stock Down 0.4%

China Yuchai International stock opened at $35.76 on Friday. China Yuchai International has a one year low of $28.65 and a one year high of $61.48. The business's fifty day moving average is $43.40 and its 200 day moving average is $45.24.

Insiders Place Their Bets

In other China Yuchai International news, CFO Loo Sen sold 13,200 shares of the 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 completion of the sale, the chief financial officer owned 13,200 shares in the company, valued at approximately $619,740. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Neo Kiat sold 8,000 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $45.69, for a total value of $365,520.00. Following the sale, the director directly owned 8,000 shares in the company, valued at approximately $365,520. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On China Yuchai International

Large investors have recently made changes to their positions in the business. Matthews International Capital Management LLC grew its stake in 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 valued at $12,475,000 after acquiring an additional 262,165 shares in the last quarter. 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 valued at $13,229,000 after acquiring an additional 65,109 shares during the last quarter. Dorsey Wright & Associates lifted its stake in China Yuchai International by 41.6% in the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company's stock worth $3,473,000 after purchasing an additional 26,482 shares in the last quarter. Ritholtz Wealth Management lifted its stake in China Yuchai International by 143.1% in the 1st quarter. Ritholtz Wealth Management now owns 24,587 shares of the company's stock worth $947,000 after purchasing an additional 14,474 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in shares of China Yuchai International by 41.2% during the 1st quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company's stock valued at $3,063,000 after purchasing an additional 22,305 shares during the last quarter.

China Yuchai International Company Profile

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.

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