Diversify Advisory Services LLC Makes New $741,000 Investment in China Yuchai International Limited $CYD

Diversify Advisory Services LLC acquired a new stake in China Yuchai International Limited (NYSE:CYD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 17,901 shares of the company’s stock, valued at approximately $741,000.

Several other hedge funds also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of China Yuchai International in the third quarter valued at approximately $28,000. Global Retirement Partners LLC acquired a new stake in China Yuchai International during the third quarter worth approximately $42,000. Quantbot Technologies LP bought a new position in China Yuchai International during the 2nd quarter worth $48,000. China Universal Asset Management Co. Ltd. bought a new position in China Yuchai International during the 3rd quarter worth $83,000. Finally, State of Wyoming acquired a new position in China Yuchai International in the 3rd quarter valued at $187,000.

Analysts Set New Price Targets

CYD has been the topic of several analyst reports. Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Wall Street Zen downgraded shares of China Yuchai International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “hold (c+)” rating on shares of China Yuchai International in a research report on Monday, December 22nd. Finally, UBS Group started coverage on shares of China Yuchai International in a report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, China Yuchai International has an average rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Stock Performance

CYD opened at $43.51 on Thursday. The company’s 50 day moving average is $45.90 and its 200-day moving average is $39.84. China Yuchai International Limited has a 1-year low of $12.66 and a 1-year 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.