Poh Kiat Neo Sells 8,000 Shares of China Yuchai International (NYSE:CYD) Stock

Key Points

• Director Poh Kiat Neo sold 8,000 China Yuchai shares at an average price of $45.69, generating $365,520 and reducing his direct ownership by 50% to 8,000 shares.
• China Yuchai increased its annual dividend to $0.87 from $0.53, while the stock opened at $46.35 and has traded between $28.65 and $61.48 over the past year.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $60.00, despite some recent upgrades and downgrades.

China Yuchai International Limited (NYSE:CYD - Get Free Report) Director Poh Kiat Neo sold 8,000 shares of China Yuchai International 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 directly owned 8,000 shares in the company, valued at $365,520. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

China Yuchai International Stock Up 2.5%

CYD stock opened at $46.35 on Tuesday. The business has a 50-day moving average of $46.93 and a 200-day moving average of $46.79. China Yuchai International Limited has a fifty-two week low of $28.65 and a fifty-two week high of $61.48.

China Yuchai International Increases Dividend

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

Hedge Funds Weigh In On China Yuchai International

A number of institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado bought a new stake in China Yuchai International during the fourth quarter worth $50,000. Advisory Services Network LLC bought a new stake in China Yuchai International in the third quarter valued at approximately $66,000. Blue Trust Inc. bought a new stake in China Yuchai International in the first quarter valued at approximately $69,000. Deutsche Bank AG acquired a new stake in shares of China Yuchai International in the fourth quarter valued at approximately $67,000. Finally, Assetmark Inc. lifted its position in shares of China Yuchai International by 12,312.5% in the fourth quarter. Assetmark Inc. now owns 1,986 shares of the company's stock valued at $71,000 after buying an additional 1,970 shares during the last quarter.

Analyst Ratings Changes

CYD has been the subject of several research reports. Weiss Ratings raised shares of China Yuchai International from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of China Yuchai International from a "hold" rating to a "buy" rating in a report on Saturday, June 20th. Zacks Research downgraded shares of China Yuchai International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 16th. 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 shares of China Yuchai International to a "buy" rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently 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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