AdvisorShares Investments LLC Takes $1.78 Million Position in China Yuchai International Limited $CYD

AdvisorShares Investments LLC purchased a new position in shares of China Yuchai International Limited (NYSE:CYD) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 43,100 shares of the company’s stock, valued at approximately $1,783,000. AdvisorShares Investments LLC owned about 0.11% of China Yuchai International at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in China Yuchai International during the 2nd quarter worth $4,759,000. Lighthouse Investment Partners LLC acquired a new position in shares of China Yuchai International in the second quarter valued at about $4,307,000. Connor Clark & Lunn Investment Management Ltd. increased its position in China Yuchai International by 70.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,881 shares of the company’s stock worth $3,249,000 after acquiring an additional 56,085 shares during the period. Jane Street Group LLC bought a new position in China Yuchai International during the first quarter worth about $1,409,000. Finally, Envestnet Asset Management Inc. acquired a new stake in China Yuchai International in the 3rd quarter worth about $3,170,000.

China Yuchai International Price Performance

Shares of CYD stock opened at $50.03 on Friday. The business’s 50-day moving average price is $39.89 and its 200-day moving average price is $36.26. China Yuchai International Limited has a 12 month low of $10.79 and a 12 month high of $50.98.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Zacks Research lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen raised China Yuchai International from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Finally, UBS Group initiated coverage on shares of China Yuchai International in a research report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.