China Yuchai International (NYSE:CYD) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded China Yuchai International from “Buy” to “Hold,” although the broader analyst consensus remains “Buy” with a $60 target price.
• CYD opened at $32.96, well below its 52-week high of $61.48, with 50-day and 200-day moving averages of $41.06 and $44.42, respectively.
• Company insiders reduced their holdings: the CFO and a director each sold half of their respective positions, while several institutional investors established or increased stakes during the second quarter.

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

A number of other research firms have also issued reports on CYD. Weiss Ratings lowered shares of China Yuchai International from a "buy (b-)" rating to a "hold (c)" rating in a report on Tuesday, September 8th. Citigroup upgraded shares of China Yuchai International to a "buy" rating in a 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. Finally, Greenridge Global raised shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $60.00.

China Yuchai International Price Performance

China Yuchai International stock opened at $32.96 on Friday. China Yuchai International has a fifty-two week low of $28.65 and a fifty-two week high of $61.48. The stock has a fifty day moving average of $41.06 and a two-hundred day moving average of $44.42.

Insider Buying and Selling at China Yuchai International

In other news, CFO Loo Sen sold 13,200 shares of the company's stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $365,520.00. Following the completion of the sale, the director owned 8,000 shares of the company's stock, valued at approximately $365,520. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Trading of China Yuchai International

Large investors have recently bought and sold shares of the company. Engineers Gate Manager LP boosted its position in China Yuchai International by 25.7% in the 2nd quarter. Engineers Gate Manager LP now owns 32,487 shares of the company's stock valued at $1,540,000 after buying an additional 6,647 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of China Yuchai International during the second quarter worth about $280,000. BTG Pactual Asset Management US LLC acquired a new position in shares of China Yuchai International in the second quarter worth about $211,000. Susquehanna Fundamental Investments LLC purchased a new position in China Yuchai International in the second quarter valued at about $455,000. Finally, World Equity Group Inc. acquired a new stake in China Yuchai International during the 2nd quarter valued at approximately $315,000.

About China Yuchai International

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.

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