China Yuchai International (NYSE:CYD) Cut to Hold at Zacks Research

Zacks Research cut shares of China Yuchai International (NYSE:CYD) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of China Yuchai International in a report on Monday, December 22nd. Wall Street Zen cut China Yuchai International from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Finally, UBS Group initiated coverage on China Yuchai International in a report on Tuesday, January 6th. They issued a “buy” rating and a $60.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.00.

China Yuchai International Stock Performance

NYSE:CYD opened at $42.17 on Monday. China Yuchai International has a 52 week low of $13.37 and a 52 week high of $56.55. The stock’s 50-day moving average price is $44.56 and its 200-day moving average price is $40.52.

Institutional Investors Weigh In On China Yuchai International

Several hedge funds and other institutional investors have recently made changes to their positions in CYD. UBS Group AG increased its holdings in shares of China Yuchai International by 752.8% in the third quarter. UBS Group AG now owns 849,464 shares of the company’s stock valued at $35,142,000 after purchasing an additional 749,861 shares during the last quarter. Millennium Management LLC increased its holdings in shares of China Yuchai International by 157.3% in the third quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock valued at $29,796,000 after purchasing an additional 440,278 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of China Yuchai International in the second quarter valued at approximately $4,307,000. Tudor Investment Corp ET AL increased its holdings in shares of China Yuchai International by 545.9% in the third quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock valued at $6,389,000 after purchasing an additional 130,515 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of China Yuchai International by 73.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,141 shares of the company’s stock valued at $9,728,000 after purchasing an additional 99,260 shares during the last quarter.

About China Yuchai International

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.