Shah Capital Management Reduces Position in China Yuchai International Limited $CYD

Shah Capital Management lowered its stake in shares of China Yuchai International Limited (NYSE:CYD) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,646,397 shares of the company’s stock after selling 26,300 shares during the period. China Yuchai International comprises approximately 11.3% of Shah Capital Management’s investment portfolio, making the stock its 3rd biggest holding. Shah Capital Management’s holdings in China Yuchai International were worth $58,447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of China Yuchai International in the third quarter worth approximately $28,000. Global Retirement Partners LLC purchased a new position in shares of China Yuchai International during the third quarter valued at approximately $42,000. Quantbot Technologies LP purchased a new position in shares of China Yuchai International during the second quarter valued at approximately $48,000. Advisory Services Network LLC bought a new stake in China Yuchai International during the third quarter worth $66,000. Finally, China Universal Asset Management Co. Ltd. bought a new stake in China Yuchai International during the third quarter worth $83,000.

China Yuchai International Stock Performance

Shares of NYSE:CYD opened at $36.82 on Tuesday. China Yuchai International Limited has a 1 year low of $12.66 and a 1 year high of $56.55. The business has a fifty day moving average price of $45.70 and a two-hundred day moving average price of $40.45.

Analysts Set New Price Targets

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

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.