Shah Capital Management Has $58.45 Million Stake in China Yuchai International Limited $CYD

Shah Capital Management trimmed its holdings in China Yuchai International Limited (NYSE:CYD) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,646,397 shares of the company’s stock after selling 26,300 shares during the quarter. China Yuchai International comprises about 11.3% of Shah Capital Management’s portfolio, making the stock its 3rd biggest position. Shah Capital Management owned approximately 4.39% of China Yuchai International worth $58,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in China Yuchai International in the third quarter worth approximately $28,000. Global Retirement Partners LLC acquired a new position in shares of China Yuchai International during the 3rd quarter valued at $42,000. Quantbot Technologies LP acquired a new position in shares of China Yuchai International during the 2nd quarter valued at $48,000. Advisory Services Network LLC bought a new position in China Yuchai International during the third quarter worth $66,000. Finally, China Universal Asset Management Co. Ltd. bought a new position in China Yuchai International during the third quarter worth $83,000.

China Yuchai International Price Performance

NYSE CYD opened at $36.82 on Tuesday. The company has a fifty day simple moving average of $45.70 and a 200 day simple moving average of $40.45. China Yuchai International Limited has a 12-month low of $12.66 and a 12-month high of $56.55.

Analyst Upgrades and Downgrades

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

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.