China Yuchai International Limited (NYSE:CYD) Given Consensus Rating of "Buy" by Analysts

Key Points

• Analysts rate China Yuchai International “Buy” overall: Of five analysts, three recommend strong buy, one buy, and one hold. The average 12-month price target is $60, compared with the stock’s reported opening price of $39.96.
• Institutional ownership increased significantly: UBS Group expanded its position by 752.8%, while Millennium Management raised its stake by 157.3%; other major investors also added shares.
• Insiders sold shares while the company raised its dividend: The CFO and a director each reduced their holdings by 50%, while the annual dividend increased to $0.87 per share from $0.53.

China Yuchai International Limited (NYSE:CYD - Get Free Report) has been assigned an average rating of "Buy" from the five research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $60.00.

A number of brokerages have recently commented on CYD. Weiss Ratings raised shares of China Yuchai International from a "hold (c-)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of China Yuchai International from a "buy" rating to a "hold" rating in a research report on Saturday. Zacks Research upgraded shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 14th. Greenridge Global upgraded shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Citigroup raised China Yuchai International to a "buy" rating in a report on Monday, July 27th.

Insider Buying and Selling at China Yuchai International

In other China Yuchai International news, CFO Choon Sen Loo sold 13,200 shares of the business's 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 transaction, the chief financial officer directly owned 13,200 shares of the company's stock, valued at approximately $619,740. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Poh Kiat Neo sold 8,000 shares of the firm's 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 owned 8,000 shares of the company's stock, valued at $365,520. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing.

Hedge Funds Weigh In On China Yuchai International

Large investors have recently modified their holdings of the business. UBS Group AG raised its holdings in China Yuchai International by 752.8% during the third quarter. UBS Group AG now owns 849,464 shares of the company's stock worth $35,142,000 after purchasing an additional 749,861 shares during the last quarter. Millennium Management LLC raised its stake in shares of China Yuchai International by 157.3% during the 3rd quarter. Millennium Management LLC now owns 720,231 shares of the company's stock worth $29,796,000 after buying an additional 440,278 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of 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 buying an additional 65,109 shares in the last quarter. Matthews International Capital Management LLC increased its holdings in China Yuchai International by 423.7% during 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in China Yuchai International by 73.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,141 shares of the company's stock worth $9,728,000 after acquiring an additional 99,260 shares during the last quarter.

China Yuchai International Stock Up 3.2%

NYSE:CYD opened at $39.96 on Friday. China Yuchai International has a 1 year low of $28.65 and a 1 year high of $61.48. The stock has a 50-day simple moving average of $46.30 and a 200-day simple moving average of $46.67.

China Yuchai International Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, July 28th. Stockholders of record on Friday, July 17th were paid a dividend of $0.87 per share. This represents a dividend 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.

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.

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