Precision Wealth Strategies LLC Takes $898,000 Position in China Yuchai International Limited $CYD

Precision Wealth Strategies LLC bought a new stake in China Yuchai International Limited (NYSE:CYD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,297 shares of the company’s stock, valued at approximately $898,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CYD. UBS Group AG increased its stake in shares of China Yuchai International by 752.8% in the third quarter. UBS Group AG now owns 849,464 shares of the company’s stock valued at $35,142,000 after buying an additional 749,861 shares in the last quarter. Millennium Management LLC increased its stake in shares of 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 in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of China Yuchai International in the second quarter valued at $4,307,000. Tudor Investment Corp ET AL increased its stake in shares of China Yuchai International by 545.9% in the third quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock valued at $6,389,000 after buying an additional 130,515 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in China Yuchai International by 73.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,141 shares of the company’s stock worth $9,728,000 after purchasing an additional 99,260 shares during the period.

China Yuchai International Price Performance

CYD stock traded up $0.14 during midday trading on Thursday, reaching $40.22. The stock had a trading volume of 5,220 shares, compared to its average volume of 179,586. The business has a fifty day simple moving average of $42.64 and a two-hundred day simple moving average of $40.73. China Yuchai International Limited has a twelve month low of $14.76 and a twelve month high of $56.55.

Analysts Set New Price Targets

A number of brokerages recently commented on CYD. Zacks Research lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. UBS Group began coverage on China Yuchai International in a research report on Tuesday, January 6th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Wall Street Zen lowered China Yuchai International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.00.

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.