Dorsey Wright & Associates Buys Shares of 59,592 China Yuchai International Limited $CYD

Dorsey Wright & Associates bought a new position in China Yuchai International Limited (NYSE:CYD) during the 3rd quarter, Holdings Channel.com reports. The fund bought 59,592 shares of the company’s stock, valued at approximately $2,465,000.

Other large investors have also made changes to their positions in the company. UBS Group AG increased 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 valued at $35,142,000 after purchasing an additional 749,861 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of China Yuchai International by 157.3% in the third quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock worth $29,796,000 after buying an additional 440,278 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 worth $9,728,000 after buying an additional 99,260 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in China Yuchai International during the second quarter valued at approximately $4,759,000. Finally, Lighthouse Investment Partners LLC bought a new stake in China Yuchai International during the second quarter valued at approximately $4,307,000.

China Yuchai International Price Performance

China Yuchai International stock opened at $40.60 on Wednesday. China Yuchai International Limited has a 12-month low of $12.66 and a 12-month high of $56.55. The firm has a 50 day moving average of $46.26 and a 200 day moving average of $40.15.

Analyst Upgrades and Downgrades

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

China Yuchai International 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.