Matthews International Capital Management LLC Makes New Investment in China Yuchai International Limited $CYD

Matthews International Capital Management LLC acquired a new stake in China Yuchai International Limited (NYSE:CYD) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 54,874 shares of the company’s stock, valued at approximately $2,270,000. China Yuchai International comprises approximately 0.5% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 28th largest holding.

Several other large investors have also added to or reduced their stakes in CYD. Burns Matteson Capital Management LLC bought a new position in China Yuchai International in the third quarter valued at $390,000. E Fund Management Co. Ltd. bought a new stake in China Yuchai International during the 2nd quarter worth about $206,000. BNP Paribas Financial Markets acquired a new position in shares of China Yuchai International during the 2nd quarter worth about $1,109,000. Bank of America Corp DE acquired a new position in shares of China Yuchai International during the 2nd quarter worth about $384,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of China Yuchai International in the 2nd quarter valued at about $4,307,000.

China Yuchai International Stock Performance

NYSE:CYD opened at $35.97 on Friday. China Yuchai International Limited has a 12-month low of $9.32 and a 12-month high of $42.60. The stock’s 50 day moving average price is $36.06 and its two-hundred day moving average price is $32.14.

Analysts Set New Price Targets

CYD has been the subject of several recent research reports. Zacks Research cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of China Yuchai International in a report on Monday, December 22nd. Finally, 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. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.