China Yuchai International (NYSE:CYD) Reaches New 12-Month High – Still a Buy?

China Yuchai International Limited (NYSE:CYD) reached a new 52-week high on Wednesday . The stock traded as high as $55.00 and last traded at $54.4450, with a volume of 523 shares. The stock had previously closed at $54.37.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CYD. Wall Street Zen upgraded China Yuchai International from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. UBS Group started coverage on 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Finally, Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $60.00.

China Yuchai International Stock Up 2.8%

The stock has a 50 day moving average of $42.27 and a two-hundred day moving average of $37.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CYD. UBS Group AG lifted its position in shares of China Yuchai International by 752.8% during the 3rd quarter. UBS Group AG now owns 849,464 shares of the company’s stock worth $35,142,000 after purchasing an additional 749,861 shares during the last quarter. Millennium Management LLC grew its position in China Yuchai International by 157.3% in the 3rd quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock worth $29,796,000 after purchasing an additional 440,278 shares during the last quarter. Renaissance Technologies LLC grew its position in China Yuchai International by 3.4% in the 4th quarter. Renaissance Technologies LLC now owns 278,494 shares of the company’s stock worth $9,887,000 after purchasing an additional 9,287 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of China Yuchai International by 73.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,141 shares of the company’s stock valued at $9,728,000 after buying an additional 99,260 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in China Yuchai International during the second quarter worth 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.