China Yuchai International (NYSE:CYD) Upgraded at UBS Group

China Yuchai International (NYSE:CYD) was upgraded by analysts at UBS Group to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen raised shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Finally, Zacks Research lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, China Yuchai International currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

China Yuchai International Stock Performance

Shares of CYD stock opened at $40.21 on Tuesday. The company’s fifty day moving average price is $36.27 and its 200-day moving average price is $33.06. China Yuchai International has a 12 month low of $9.90 and a 12 month high of $42.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CYD. Matthews International Capital Management LLC bought a new stake in shares of China Yuchai International in the 3rd quarter worth $2,270,000. Goldman Sachs Group Inc. purchased a new stake in shares of China Yuchai International during the first quarter valued at $422,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in China Yuchai International by 70.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,881 shares of the company’s stock worth $3,249,000 after buying an additional 56,085 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in China Yuchai International by 136.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 16,609 shares of the company’s stock worth $397,000 after buying an additional 9,572 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in China Yuchai International during the 2nd quarter valued at about $4,759,000.

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.