Counterpoint Mutual Funds LLC Makes New $500,000 Investment in China Yuchai International Limited $CYD

Counterpoint Mutual Funds LLC purchased a new stake in China Yuchai International Limited (NYSE:CYD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,094 shares of the company’s stock, valued at approximately $500,000.

Other institutional investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. purchased a new position in China Yuchai International in the third quarter worth approximately $724,000. AdvisorShares Investments LLC purchased a new stake in China Yuchai International in the third quarter valued at $1,783,000. Matthews International Capital Management LLC acquired a new position in shares of China Yuchai International in the 3rd quarter valued at $2,270,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of China Yuchai International by 70.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,881 shares of the company’s stock worth $3,249,000 after purchasing an additional 56,085 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of China Yuchai International during the 2nd quarter worth about $4,759,000.

China Yuchai International Stock Down 13.0%

Shares of CYD opened at $47.90 on Wednesday. China Yuchai International Limited has a fifty-two week low of $12.66 and a fifty-two week high of $56.55. The firm’s 50 day moving average price is $44.11 and its 200 day moving average price is $38.81.

Analysts Set New Price Targets

CYD has been the subject of several research analyst reports. Wall Street Zen raised shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. UBS Group started coverage on shares of China Yuchai International in a report on Tuesday, January 6th. They issued a “buy” rating and a $60.00 price objective on the stock. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.