China Yuchai International (NYSE:CYD) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded China Yuchai International from “Buy” to “Hold.” Despite the downgrade, the broader analyst consensus remains “Buy,” with three Strong Buy ratings, one Buy rating, one Hold rating, and an average price target of $60.
• CYD shares opened at $39.96, below their 50-day moving average of $46.30 and 200-day moving average of $46.67. The stock’s 12-month trading range is $28.65 to $61.48.
• Two company insiders sold shares in August: a director sold 8,000 shares and the CFO sold 13,200 shares, with both transactions reducing their direct ownership by 50%.

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

CYD has been the topic of several other research reports. 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. Zacks Research raised shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 14th. Weiss Ratings upgraded shares of China Yuchai International from a "hold (c-)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Finally, Citigroup raised shares of China Yuchai International to a "buy" rating in a research report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $60.00.

China Yuchai International Stock Up 3.2%

China Yuchai International stock opened at $39.96 on Friday. The business has a 50 day moving average price of $46.30 and a two-hundred day moving average price of $46.67. China Yuchai International has a 12 month low of $28.65 and a 12 month high of $61.48.

Insider Buying and Selling at China Yuchai International

In related news, Director Poh Kiat Neo 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 transaction of $365,520.00. Following the transaction, the director directly owned 8,000 shares of the company's stock, valued at approximately $365,520. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Choon Sen Loo sold 13,200 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total transaction of $619,740.00. Following the transaction, the chief financial officer directly owned 13,200 shares in the company, valued at $619,740. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Institutional Trading of China Yuchai International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new position in China Yuchai International in the first quarter valued at approximately $422,000. Jane Street Group LLC acquired a new position in China Yuchai International during the first quarter valued at approximately $1,409,000. JPMorgan Chase & Co. bought a new stake in China Yuchai International during the second quarter worth $1,278,000. Quantbot Technologies LP bought a new stake in China Yuchai International during the second quarter worth $48,000. Finally, Jump Financial LLC acquired a new stake in shares of China Yuchai International in the 2nd quarter valued at $891,000.

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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