Inspire Investing LLC acquired a new stake in shares of China Yuchai International Limited (NYSE:CYD – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 42,930 shares of the company’s stock, valued at approximately $1,653,000. Inspire Investing LLC owned 0.11% of China Yuchai International at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of China Yuchai International during the 2nd quarter valued at about $48,000. Public Employees Retirement Association of Colorado bought a new position in China Yuchai International in the fourth quarter worth about $50,000. Advisory Services Network LLC bought a new position in China Yuchai International in the third quarter worth about $66,000. Deutsche Bank AG purchased a new stake in China Yuchai International in the fourth quarter worth about $67,000. Finally, Blue Trust Inc. purchased a new stake in China Yuchai International in the first quarter worth about $69,000.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Wall Street Zen upgraded China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings lowered China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Two research 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 presently has an average rating of “Buy” and an average target price of $60.00.
China Yuchai International Stock Up 2.4%
NYSE:CYD opened at $47.31 on Wednesday. The firm’s 50-day moving average price is $49.65 and its 200-day moving average price is $45.15. China Yuchai International Limited has a 1-year low of $21.27 and a 1-year high of $61.48.
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.
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