China Yuchai International Limited (NYSE:CYD) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• China Yuchai International has a consensus “Buy” rating from five analysts, including three “strong buy” recommendations, with an average 12-month price target of $60.
• Recent analyst actions were largely positive, though Weiss Ratings downgraded the stock to “hold.” Meanwhile, the company’s CFO and a director each sold half of their respective holdings.
• CYD shares opened at $33.75, below the analyst consensus target, while the company increased its annual dividend to $0.87 from $0.53.

China Yuchai International Limited (NYSE:CYD - Get Free Report) has earned an average rating of "Buy" from the five ratings firms that are covering the company, MarketBeat reports. One 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 target among brokerages that have covered the stock in the last year is $60.00.

Several analysts recently weighed in on the company. Greenridge Global upgraded China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Wall Street Zen raised shares of China Yuchai International from a "hold" rating to a "buy" rating in a research note on Saturday. 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. Finally, 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.

Insider Activity at China Yuchai International

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CYD. Blue Trust Inc. purchased a new stake in shares of China Yuchai International in the first quarter valued at approximately $69,000. Caitong International Asset Management Co. Ltd increased its holdings in China Yuchai International by 288.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,294 shares of the company's stock worth $81,000 after purchasing an additional 1,704 shares during the period. BTG Pactual Asset Management US LLC bought a new stake in China Yuchai International during the 2nd quarter valued at $211,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of China Yuchai International in the 1st quarter worth $202,000. Finally, Baron Wealth Management LLC purchased a new stake in shares of China Yuchai International in the 1st quarter worth $227,000.

China Yuchai International Stock Performance

Shares of CYD stock opened at $33.75 on Wednesday. China Yuchai International has a 1 year low of $28.65 and a 1 year high of $61.48. The stock's 50 day simple moving average is $42.91 and its two-hundred day simple moving average is $45.01.

China Yuchai International Increases Dividend

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

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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