China Yuchai International (NYSE:CYD) Shares Down 7.4% – Should You Sell?

China Yuchai International Limited (NYSE:CYD) shares dropped 7.4% on Wednesday. The stock traded as low as $30.18 and last traded at $29.8170. Approximately 172,670 shares changed hands during trading, a decline of 1% from the average session volume of 174,398 shares. The stock had previously closed at $32.19.

Analysts Set New Price Targets

A number of brokerages have issued reports on CYD. Wall Street Zen downgraded shares of China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Greenridge Global raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Weiss Ratings lowered China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. Citigroup raised China Yuchai International to a “buy” rating in a report on Monday, July 27th. Finally, Zacks Research downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, China Yuchai International presently has a consensus rating of “Buy” and an average price target of $60.00.

China Yuchai International Stock Down 11.2%

The firm has a 50 day moving average price of $39.17 and a 200-day moving average price of $43.96.

Insider Buying and Selling at China Yuchai International

In related news, Director Neo Kiat sold 8,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was 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 trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Loo Sen sold 13,200 shares of China Yuchai International 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 transaction, the chief financial officer directly owned 13,200 shares of the company’s stock, valued at $619,740. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On China Yuchai International

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in China Yuchai International by 23.4% in the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock worth $13,229,000 after purchasing an additional 65,109 shares during the period. Matthews International Capital Management LLC boosted its position in shares of China Yuchai International by 423.7% during the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock valued at $12,475,000 after buying an additional 262,165 shares during the period. Dorsey Wright & Associates grew its stake in shares of China Yuchai International by 41.6% during the first quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock valued at $3,473,000 after buying an additional 26,482 shares during the last quarter. Diversify Wealth Management LLC grew its stake in shares of China Yuchai International by 41.2% during the first quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company’s stock valued at $3,063,000 after buying an additional 22,305 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of China Yuchai International by 30.6% in the first quarter. Sei Investments Co. now owns 45,223 shares of the company’s stock worth $1,741,000 after buying an additional 10,600 shares during the period.

About China Yuchai International

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.