Pinpoint Asset Management Singapore Pte. Ltd. Has $423,000 Stock Position in China Yuchai International Limited $CYD

Pinpoint Asset Management Singapore Pte. Ltd. lessened its holdings in China Yuchai International Limited (NYSE:CYD) by 94.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,225 shares of the company’s stock after selling 188,831 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in China Yuchai International were worth $423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CYD. Lighthouse Investment Partners LLC acquired a new position in shares of China Yuchai International during the 2nd quarter worth $4,307,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of China Yuchai International by 70.3% during 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 during the last quarter. Jane Street Group LLC acquired a new stake in China Yuchai International in the first quarter valued at about $1,409,000. Envestnet Asset Management Inc. bought a new position in China Yuchai International in the third quarter valued at about $3,170,000. Finally, CWA Asset Management Group LLC grew its position in China Yuchai International by 5.2% in the third quarter. CWA Asset Management Group LLC now owns 67,602 shares of the company’s stock valued at $2,797,000 after acquiring an additional 3,353 shares during the last quarter.

China Yuchai International Stock Up 1.2%

China Yuchai International stock opened at $41.24 on Monday. The business has a 50 day moving average of $45.47 and a 200-day moving average of $39.66. China Yuchai International Limited has a 1 year low of $12.66 and a 1 year high of $56.55.

Analysts Set New Price Targets

CYD has been the subject of a number of research reports. Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of China Yuchai International in a report on Monday, December 22nd. UBS Group initiated coverage on shares of China Yuchai International in a research report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Wall Street Zen lowered shares of China Yuchai International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $60.00.

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.