China Yuchai International (NYSE:CYD) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of China Yuchai International (NYSE:CYD) from a buy rating to a hold rating in a research note published on Saturday.

Separately, Zacks Research cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

China Yuchai International Stock Performance

CYD opened at $50.05 on Friday. The business has a fifty day moving average of $42.16 and a 200 day moving average of $41.48. China Yuchai International has a 52-week low of $16.77 and a 52-week high of $56.55.

Institutional Investors Weigh In On China Yuchai International

Several hedge funds have recently made changes to their positions in the company. Personal CFO Solutions LLC lifted its holdings in shares of China Yuchai International by 2.9% in the 1st quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company’s stock worth $407,000 after buying an additional 293 shares during the period. State of Wyoming lifted its stake in shares of China Yuchai International by 9.8% during the 4th quarter. State of Wyoming now owns 4,956 shares of the company’s stock worth $176,000 after purchasing an additional 443 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of China Yuchai International by 1.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 35,186 shares of the company’s stock worth $1,355,000 after purchasing an additional 603 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of China Yuchai International during the 3rd quarter worth $28,000. Finally, AdvisorShares Investments LLC lifted its stake in shares of China Yuchai International by 1.7% during the 4th quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company’s stock worth $1,557,000 after purchasing an additional 752 shares during the last quarter.

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.