Shah Capital Management Lowers Stock Holdings in China Yuchai International Limited $CYD

Shah Capital Management cut its holdings in shares of China Yuchai International Limited (NYSE:CYD) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,618,441 shares of the company’s stock after selling 27,956 shares during the period. China Yuchai International makes up 12.0% of Shah Capital Management’s portfolio, making the stock its 3rd biggest position. Shah Capital Management’s holdings in China Yuchai International were worth $62,310,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Inspire Investing LLC bought a new position in China Yuchai International during the 1st quarter valued at about $1,653,000. Ritholtz Wealth Management grew its stake in shares of China Yuchai International by 143.1% in the first quarter. Ritholtz Wealth Management now owns 24,587 shares of the company’s stock worth $947,000 after acquiring an additional 14,474 shares during the period. Blue Trust Inc. bought a new stake in shares of China Yuchai International in the first quarter worth approximately $69,000. Baron Wealth Management LLC purchased a new position in shares of China Yuchai International during the first quarter valued at approximately $227,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of China Yuchai International by 391.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,899 shares of the company’s stock valued at $103,000 after purchasing an additional 2,309 shares during the last quarter.

China Yuchai International Price Performance

Shares of NYSE:CYD opened at $47.31 on Wednesday. The stock’s 50-day simple moving average is $49.65 and its two-hundred day simple moving average is $45.15. China Yuchai International Limited has a 52-week low of $21.27 and a 52-week high of $61.48.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CYD. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Weiss Ratings downgraded shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, China Yuchai International presently has a consensus rating of “Buy” and a consensus target price of $60.00.

About China Yuchai International

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.