China Yuchai International (NYSE:CYD) Upgraded at UBS Group

UBS Group upgraded shares of China Yuchai International (NYSE:CYD) to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

CYD has been the topic of a number of other reports. Zacks Research cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen upgraded shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of China Yuchai International in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, China Yuchai International currently has an average rating of “Moderate Buy” and an average price target of $60.00.

China Yuchai International Stock Down 0.8%

Shares of NYSE:CYD opened at $40.21 on Tuesday. The firm has a 50-day simple moving average of $36.27 and a 200 day simple moving average of $33.06. China Yuchai International has a fifty-two week low of $9.90 and a fifty-two week high of $42.60.

Institutional Investors Weigh In On China Yuchai International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Matthews International Capital Management LLC purchased a new position in shares of China Yuchai International in the third quarter worth approximately $2,270,000. Goldman Sachs Group Inc. purchased a new stake in shares of China Yuchai International in the first quarter valued at $422,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of China Yuchai International by 70.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,881 shares of the company’s stock worth $3,249,000 after buying an additional 56,085 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of China Yuchai International by 136.0% during the second quarter. Public Employees Retirement System of Ohio now owns 16,609 shares of the company’s stock valued at $397,000 after buying an additional 9,572 shares in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of China Yuchai International during the second quarter valued at $4,759,000.

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.