China Yuchai International Limited $CYD Shares Sold by UBS Group AG

UBS Group AG lessened its holdings in shares of China Yuchai International Limited (NYSE:CYD) by 41.0% in the 4th quarter, HoldingsChannel reports. The firm owned 500,766 shares of the company’s stock after selling 348,698 shares during the quarter. UBS Group AG’s holdings in China Yuchai International were worth $17,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CYD. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of China Yuchai International during the third quarter worth $28,000. Global Retirement Partners LLC purchased a new position in shares of China Yuchai International during the third quarter worth $42,000. Quantbot Technologies LP purchased a new position in shares of China Yuchai International during the second quarter worth $48,000. Advisory Services Network LLC purchased a new position in shares of China Yuchai International during the third quarter worth $66,000. Finally, Assetmark Inc. raised its holdings in shares of China Yuchai International by 12,312.5% during the fourth quarter. Assetmark Inc. now owns 1,986 shares of the company’s stock worth $71,000 after purchasing an additional 1,970 shares during the last quarter.

China Yuchai International Trading Up 2.0%

Shares of NYSE:CYD opened at $48.42 on Wednesday. China Yuchai International Limited has a 1 year low of $16.21 and a 1 year high of $56.55. The business’s 50 day moving average price is $41.78 and its 200-day moving average price is $41.21.

Analysts Set New Price Targets

CYD has been the topic of several recent research reports. Zacks Research lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen lowered China Yuchai International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, China Yuchai International has an average rating of “Moderate Buy” and a consensus price target 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.