China Yuchai International (NYSE:CYD) Sets New 1-Year High – Here’s What Happened

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Wall Street Zen raised shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Finally, UBS Group assumed coverage on China Yuchai International in a research report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Stock Up 1.8%

The firm’s fifty day moving average price is $43.46 and its 200 day moving average price is $38.26.

Hedge Funds Weigh In On China Yuchai International

Several institutional investors and hedge funds have recently modified their holdings of CYD. Goldman Sachs Group Inc. acquired a new stake in China Yuchai International during the first quarter worth about $422,000. Jane Street Group LLC purchased a new stake in China Yuchai International in the 1st quarter worth approximately $1,409,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in 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 worth $3,249,000 after purchasing an additional 56,085 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of China Yuchai International during the 2nd quarter worth approximately $1,278,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of China Yuchai International during the 2nd quarter valued at approximately $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.