China Yuchai International (NYSE:CYD) Trading 8.3% Higher on Analyst Upgrade

China Yuchai International Limited (NYSE:CYD)’s stock price shot up 8.3% during trading on Wednesday after UBS Group upgraded the stock to a strong-buy rating. The company traded as high as $41.33 and last traded at $41.1550. 115,996 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 159,762 shares. The stock had previously closed at $38.00.

Other research analysts have also issued reports about the stock. Zacks Research downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of China Yuchai International in a report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CYD. UBS Group AG lifted its stake in shares of China Yuchai International by 752.8% in the 3rd 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 lifted its stake 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 buying an additional 440,278 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in China Yuchai International in the second quarter valued at about $4,759,000. Lighthouse Investment Partners LLC acquired a new position in shares of China Yuchai International during the 2nd quarter worth about $4,307,000. Finally, Tudor Investment Corp ET AL increased its stake in shares of China Yuchai International by 545.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock valued at $6,389,000 after acquiring an additional 130,515 shares during the last quarter.

China Yuchai International Price Performance

The business’s 50-day moving average is $36.37 and its two-hundred day moving average is $33.20.

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.