China Yuchai International (NYSE:CYD) CFO Choon Sen Loo Sells 13,200 Shares

Key Points

• CFO Choon Sen Loo sold 13,200 China Yuchai shares at an average price of $46.95, generating $619,740 and reducing his direct stake by 50% to 13,200 shares.
• China Yuchai paid an increased annual dividend of $0.87 per share, up from $0.53, while the article reports a stock price of $45.42 and a 52-week range of $28.29 to $61.48.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $60.00; several institutional investors also increased their positions.

China Yuchai International Limited (NYSE:CYD - Get Free Report) CFO Choon Sen Loo sold 13,200 shares of China Yuchai International stock in a transaction on 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 directly owned 13,200 shares in the company, valued at $619,740. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

China Yuchai International Stock Performance

CYD opened at $45.42 on Friday. China Yuchai International Limited has a twelve month low of $28.29 and a twelve month high of $61.48. The firm's 50-day moving average price is $47.36 and its 200 day moving average price is $46.79.

China Yuchai International Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Matthews International Capital Management LLC lifted its stake in shares of China Yuchai International by 423.7% in the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company's stock valued at $12,475,000 after purchasing an additional 262,165 shares during the last quarter. Renaissance Technologies LLC raised its stake 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 valued at $13,229,000 after acquiring an additional 65,109 shares during the period. Dorsey Wright & Associates raised its stake in shares of China Yuchai International by 41.6% in the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company's stock valued at $3,473,000 after acquiring an additional 26,482 shares during the period. Precision Wealth Strategies LLC acquired a new position in shares of China Yuchai International in the 4th quarter worth approximately $898,000. Finally, Ritholtz Wealth Management boosted its position in shares of China Yuchai International by 143.1% during the first quarter. Ritholtz Wealth Management now owns 24,587 shares of the company's stock worth $947,000 after buying an additional 14,474 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Greenridge Global raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Wall Street Zen upgraded China Yuchai International from a "hold" rating to a "buy" rating in a report on Saturday, June 20th. Weiss Ratings raised China Yuchai International from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Tuesday. Citigroup upgraded China Yuchai International to a "buy" rating in a report on Monday, July 27th. Finally, Zacks Research cut shares of China Yuchai International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $60.00.

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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