China Yuchai International (NYSE:CYD) Reaches New 1-Year High – Time to Buy?

China Yuchai International Limited (NYSE:CYD)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $47.85 and last traded at $46.6250, with a volume of 58597 shares. The stock had previously closed at $44.13.

Wall Street Analyst Weigh In

CYD has been the topic of a number of research analyst reports. Zacks Research lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. UBS Group assumed coverage on shares of China Yuchai International in a research note on Tuesday, January 6th. They issued a “buy” rating and a $60.00 price objective on the stock. 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 restated a “hold (c+)” rating on shares of China Yuchai International in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, China Yuchai International has a consensus rating of “Moderate Buy” and an average price target of $60.00.

China Yuchai International Stock Down 0.2%

The company’s fifty day simple moving average is $38.39 and its 200-day simple moving average is $35.21.

Institutional Investors Weigh In On China Yuchai International

A number of institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its position in shares of China Yuchai International by 752.8% during the 3rd quarter. UBS Group AG now owns 849,464 shares of the company’s stock worth $35,142,000 after buying an additional 749,861 shares during the period. Millennium Management LLC grew its position in China Yuchai International by 157.3% in the third quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock valued at $29,796,000 after acquiring an additional 440,278 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in China Yuchai International by 73.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,141 shares of the company’s stock worth $9,728,000 after acquiring an additional 99,260 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of China Yuchai International during the second quarter valued at $4,759,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of China Yuchai International in the 2nd quarter valued at $4,307,000.

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.