China Yuchai International Limited $CYD Position Lowered by Shah Capital Management

Shah Capital Management lessened its holdings in shares of China Yuchai International Limited (NYSE:CYD) by 1.6% in the third quarter, Holdings Channel reports. The firm owned 1,320,058 shares of the company’s stock after selling 20,999 shares during the period. China Yuchai International accounts for 6.8% of Shah Capital Management’s investment portfolio, making the stock its 3rd biggest position. Shah Capital Management’s holdings in China Yuchai International were worth $40,961,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of China Yuchai International by 23.4% during the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock valued at $13,229,000 after acquiring an additional 65,109 shares in the last quarter. Matthews International Capital Management LLC lifted its position in China Yuchai International by 423.7% during the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock worth $12,475,000 after acquiring an additional 262,165 shares in the last quarter. Dorsey Wright & Associates lifted its position in China Yuchai International by 41.6% during the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock worth $3,473,000 after acquiring an additional 26,482 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in China Yuchai International by 41.2% in the 1st quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company’s stock worth $3,063,000 after acquiring an additional 22,305 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. grew its position in China Yuchai International by 351.8% in the fourth quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 46,196 shares of the company’s stock valued at $1,640,000 after acquiring an additional 35,971 shares in the last quarter.

China Yuchai International Price Performance

Shares of NYSE:CYD traded up $0.83 during trading on Friday, reaching $29.90. 224,391 shares of the company’s stock traded hands, compared to its average volume of 178,132. China Yuchai International Limited has a 12 month low of $28.03 and a 12 month high of $61.48. The company has a 50 day moving average of $38.45 and a 200-day moving average of $43.80.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Citigroup upgraded China Yuchai International to a “buy” rating in a report on Monday, July 27th. Wall Street Zen lowered China Yuchai International from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Zacks Research cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Finally, Greenridge Global raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $60.00.

Insider Activity at China Yuchai International

In other news, Director Neo Kiat sold 8,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $45.69, for a total transaction of $365,520.00. Following the completion of the transaction, the director owned 8,000 shares of the company’s stock, valued at approximately $365,520. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Loo Sen sold 13,200 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total transaction of $619,740.00. Following the completion of the sale, the chief financial officer directly owned 13,200 shares in the company, valued at approximately $619,740. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information.

China Yuchai International Company Profile

China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.

The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.