China Yuchai International (NYSE:CYD) Stock Price Up 8.3% on Analyst Upgrade

Shares of China Yuchai International Limited (NYSE:CYD) rose 8.3% during trading on Wednesday after UBS Group upgraded the stock to a strong-buy rating. The company traded as high as $41.33 and last traded at $41.1550. Approximately 115,996 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 159,762 shares. The stock had previously closed at $38.00.

A number of other research firms have also recently issued reports on CYD. Zacks Research cut shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Finally, Wall Street Zen raised China Yuchai International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Institutional Trading of China Yuchai International

Several hedge funds and other institutional investors have recently bought and sold shares of CYD. UBS Group AG lifted its holdings in China Yuchai International by 752.8% in the third quarter. UBS Group AG now owns 849,464 shares of the company’s stock valued at $35,142,000 after acquiring an additional 749,861 shares during the period. Millennium Management LLC increased its holdings in shares of China Yuchai International by 157.3% during the 3rd quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock valued at $29,796,000 after purchasing an additional 440,278 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of China Yuchai International by 73.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,141 shares of the company’s stock valued at $9,728,000 after purchasing an additional 99,260 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of China Yuchai International in the 2nd quarter valued at $4,759,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in China Yuchai International during the second quarter worth $4,307,000.

China Yuchai International Trading Up 4.0%

The company’s 50-day moving average is $36.27 and its 200 day moving average is $33.06.

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.