China Yuchai International (NYSE:CYD) Shares Down 3.7% – Should You Sell?

Shares of China Yuchai International Limited (NYSE:CYD) fell 3.7% during trading on Tuesday . The company traded as low as $43.86 and last traded at $43.0970. 25,688 shares were traded during mid-day trading, a decline of 87% from the average session volume of 194,690 shares. The stock had previously closed at $44.73.

Analyst Ratings Changes

Several research firms recently weighed in on CYD. Weiss Ratings reissued a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. UBS Group began coverage on shares of China Yuchai International in a research report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Wall Street Zen cut shares of China Yuchai International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Stock Performance

The business has a 50 day moving average of $44.81 and a 200-day moving average of $40.50.

Institutional Investors Weigh In On China Yuchai International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG lifted its position in 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 acquiring an additional 749,861 shares in the last quarter. Millennium Management LLC raised its stake in shares of China Yuchai International by 157.3% in the 3rd 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 lifted its holdings in shares of China Yuchai International by 3.4% in the fourth quarter. Renaissance Technologies LLC now owns 278,494 shares of the company’s stock valued at $9,887,000 after purchasing an additional 9,287 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $9,728,000 after buying an additional 99,260 shares during the period. Finally, Tudor Investment Corp ET AL boosted its position in shares of China Yuchai International by 25.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 193,555 shares of the company’s stock worth $6,871,000 after buying an additional 39,130 shares during the period.

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.