Envestnet Asset Management Inc. Takes $3.17 Million Position in China Yuchai International Limited $CYD

Envestnet Asset Management Inc. acquired a new position in China Yuchai International Limited (NYSE:CYD) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 76,623 shares of the company’s stock, valued at approximately $3,170,000. Envestnet Asset Management Inc. owned 0.20% of China Yuchai International at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CYD. Mirae Asset Global Investments Co. Ltd. purchased a new position in China Yuchai International during the 3rd quarter valued at about $28,000. Global Retirement Partners LLC purchased a new position in China Yuchai International during the third quarter valued at approximately $42,000. Quantbot Technologies LP bought a new position in China Yuchai International in the second quarter worth approximately $48,000. State of Wyoming purchased a new stake in China Yuchai International during the third quarter worth $187,000. Finally, E Fund Management Co. Ltd. bought a new stake in China Yuchai International during the 2nd quarter valued at $206,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CYD shares. Weiss Ratings reissued a “hold (c+)” rating on shares of China Yuchai International in a research report on Monday, December 22nd. 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 target price for the company. Wall Street Zen upgraded shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. Finally, Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Stock Down 9.3%

Shares of China Yuchai International stock opened at $43.52 on Thursday. The company has a 50 day moving average price of $44.28 and a 200 day moving average price of $38.84. China Yuchai International Limited has a 52 week low of $12.66 and a 52 week high of $56.55.

China Yuchai International 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.