Pinpoint Asset Management Singapore Pte. Ltd. increased its holdings in China Yuchai International Limited (NYSE:CYD – Free Report) by 351.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 46,196 shares of the company’s stock after buying an additional 35,971 shares during the quarter. China Yuchai International makes up 0.3% of Pinpoint Asset Management Singapore Pte. Ltd.’s holdings, making the stock its 24th biggest holding. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in China Yuchai International were worth $1,640,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in China Yuchai International in the 2nd quarter worth about $48,000. Advisory Services Network LLC acquired a new position in China Yuchai International in the 3rd quarter worth about $66,000. Deutsche Bank AG acquired a new position in China Yuchai International in the 4th quarter worth about $67,000. Assetmark Inc. raised its holdings in China Yuchai International by 12,312.5% in the 4th quarter. Assetmark Inc. now owns 1,986 shares of the company’s stock worth $71,000 after purchasing an additional 1,970 shares during the period. Finally, China Universal Asset Management Co. Ltd. acquired a new position in China Yuchai International in the 3rd quarter worth about $83,000.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on CYD shares. Wall Street Zen cut China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings cut China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $60.00.
China Yuchai International Price Performance
Shares of China Yuchai International stock opened at $49.76 on Friday. The business has a 50 day simple moving average of $48.04 and a two-hundred day simple moving average of $43.98. China Yuchai International Limited has a 12 month low of $20.17 and a 12 month high of $61.48.
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.
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