China Yuchai International (NYSE:CYD) Sets New 1-Year Low - What's Next?

Key Points

• China Yuchai International shares hit a new 52-week low, falling to $25.71 during Tuesday trading and last changing hands at $25.845, down 0.7% from the prior close.
• Analyst sentiment is mixed, with recent downgrades to “Hold” offset by some upgrades; overall, the stock carries a consensus “Buy” rating and a $60 price target.
• Company insiders sold shares: the CFO and a director each reduced their holdings by 50% in August, selling shares at average prices of $46.95 and $45.69, respectively.

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $25.71 and last traded at $25.8450, with a volume of 216,281 shares traded. The stock had previously closed at $26.02.

Analyst Ratings Changes

A number of brokerages have commented on CYD. Weiss Ratings downgraded shares of China Yuchai International from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Zacks Research lowered shares of China Yuchai International from a "strong-buy" rating to a "hold" rating in a report on Friday, September 25th. Citigroup raised shares of China Yuchai International to a "buy" rating in a research note on Monday, July 27th. Wall Street Zen downgraded shares of China Yuchai International from a "buy" rating to a "hold" rating in a report on Saturday, September 26th. Finally, Greenridge Global upgraded shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Two equities 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's stock. According to data from MarketBeat, China Yuchai International presently has an average rating of "Buy" and a consensus price target of $60.00.

China Yuchai International Trading Down 0.7%

The stock's 50-day moving average is $35.60 and its two-hundred day moving average is $43.23.

Insiders Place Their Bets

In other news, CFO Loo Sen sold 13,200 shares of the firm's stock in a transaction 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 transaction, the chief financial officer directly owned 13,200 shares in the company, valued at $619,740. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Neo Kiat sold 8,000 shares of China Yuchai International 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 completion of the sale, the director directly owned 8,000 shares of the company's stock, valued at $365,520. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On China Yuchai International

Several institutional investors and hedge funds have recently modified their holdings of CYD. Personal CFO Solutions LLC lifted its holdings in China Yuchai International by 2.9% during the 1st quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company's stock worth $407,000 after buying an additional 293 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of China Yuchai International by 101.8% in the third quarter. Farther Finance Advisors LLC now owns 886 shares of the company's stock worth $27,000 after acquiring an additional 447 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of China Yuchai International by 1.7% in the first quarter. Public Employees Retirement System of Ohio now owns 35,186 shares of the company's stock worth $1,355,000 after acquiring an additional 603 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of China Yuchai International in the first quarter worth $69,000. Finally, Baron Wealth Management LLC increased its position in shares of China Yuchai International by 32.3% during the second quarter. Baron Wealth Management LLC now owns 7,783 shares of the company's stock worth $369,000 after acquiring an additional 1,898 shares during the period.

China Yuchai International Company Profile

China Yuchai International Limited NYSE: CYD is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.

The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.

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