Pinpoint Asset Management Singapore Pte. Ltd. Sells 188,831 Shares of China Yuchai International Limited $CYD

Pinpoint Asset Management Singapore Pte. Ltd. lessened its stake in China Yuchai International Limited (NYSE:CYD) by 94.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 have also made changes to their positions in CYD. Robeco Institutional Asset Management B.V. bought a new stake in China Yuchai International during the third quarter worth $724,000. AdvisorShares Investments LLC bought a new position in shares of China Yuchai International in the 3rd quarter valued at about $1,783,000. Matthews International Capital Management LLC bought a new position in shares of China Yuchai International in the 3rd quarter valued at about $2,270,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of China Yuchai International by 70.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,881 shares of the company’s stock valued at $3,249,000 after acquiring an additional 56,085 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in shares of China Yuchai International during the 3rd quarter worth about $3,170,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of China Yuchai International in a report on Tuesday, January 6th. They issued a “buy” rating and a $60.00 target price on the stock. Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Wall Street Zen cut China Yuchai International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, China Yuchai International presently has an average rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Stock Up 1.2%

NYSE:CYD opened at $41.24 on Monday. China Yuchai International Limited has a 52 week low of $12.66 and a 52 week high of $56.55. The firm’s 50-day simple moving average is $45.47 and its 200 day simple moving average is $39.66.

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.