China Yuchai International (NYSE:CYD) Stock Rating Upgraded by Zacks Research

China Yuchai International (NYSE:CYD) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on CYD. Wall Street Zen lowered China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings lowered China Yuchai International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, China Yuchai International has a consensus rating of “Buy” and an average target price of $60.00.

China Yuchai International Trading Up 6.9%

Shares of CYD stock opened at $53.90 on Tuesday. China Yuchai International has a 12 month low of $16.77 and a 12 month high of $56.55. The stock has a 50 day moving average of $42.79 and a 200-day moving average of $41.78.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. UBS Group AG increased its position in shares of China Yuchai International by 752.8% during the third quarter. UBS Group AG now owns 849,464 shares of the company’s stock valued at $35,142,000 after purchasing an additional 749,861 shares during the period. Millennium Management LLC increased its position in shares of China Yuchai International by 157.3% during the third quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock valued at $29,796,000 after purchasing an additional 440,278 shares during the period. Renaissance Technologies LLC increased its position in shares of China Yuchai International by 23.4% during the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock valued at $13,229,000 after purchasing an additional 65,109 shares during the period. Matthews International Capital Management LLC increased its position in shares of China Yuchai International by 423.7% during the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock valued at $12,475,000 after purchasing an additional 262,165 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of 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 valued at $9,728,000 after purchasing an additional 99,260 shares during the period.

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.