China Yuchai International (NYSE:CYD) Shares Gap Up – What’s Next?

China Yuchai International Limited (NYSE:CYD) shares gapped up prior to trading on Monday . The stock had previously closed at $45.07, but opened at $48.18. China Yuchai International shares last traded at $47.86, with a volume of 23,139 shares.

Analyst Ratings Changes

Several equities research analysts have commented on CYD shares. Weiss Ratings downgraded shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Wall Street Zen upgraded shares of China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Zacks Research lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 16th. Finally, Citigroup raised shares of China Yuchai International to a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

China Yuchai International Stock Performance

The business has a fifty day moving average of $49.98 and a 200-day moving average of $46.35.

China Yuchai International Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Friday, July 17th will be issued a $0.87 dividend. The ex-dividend date of this dividend is 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%.

Hedge Funds Weigh In On China Yuchai International

Large investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado purchased a new position in China Yuchai International during the fourth quarter valued at approximately $50,000. Advisory Services Network LLC purchased a new stake in China Yuchai International in the 3rd quarter worth approximately $66,000. Blue Trust Inc. purchased a new stake in China Yuchai International in the 1st quarter worth approximately $69,000. Deutsche Bank AG bought a new position in China Yuchai International in the 4th quarter valued at $67,000. Finally, Assetmark Inc. boosted its holdings in China Yuchai International by 12,312.5% in the 4th quarter. Assetmark Inc. now owns 1,986 shares of the company’s stock valued at $71,000 after purchasing an additional 1,970 shares during the period.

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.