Pinpoint Asset Management Singapore Pte. Ltd. Boosts Stock Position in China Yuchai International Limited $CYD

Pinpoint Asset Management Singapore Pte. Ltd. raised its position in shares of China Yuchai International Limited (NYSE:CYD) by 351.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,196 shares of the company’s stock after purchasing an additional 35,971 shares during the quarter. China Yuchai International accounts for 0.3% of Pinpoint Asset Management Singapore Pte. Ltd.’s portfolio, making the stock its 24th largest position. Pinpoint Asset Management Singapore Pte. Ltd. owned approximately 0.12% of China Yuchai International worth $1,640,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its stake in China Yuchai International by 545.9% during the 3rd quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock valued at $6,389,000 after purchasing an additional 130,515 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in China Yuchai International during the 3rd quarter valued at about $2,073,000. Dorsey Wright & Associates purchased a new stake in shares of China Yuchai International in the third quarter worth about $2,465,000. Envestnet Asset Management Inc. purchased a new stake in shares of China Yuchai International in the third quarter worth about $3,170,000. Finally, Precision Wealth Strategies LLC purchased a new stake in shares of China Yuchai International in the fourth quarter worth about $898,000.

Wall Street Analyst Weigh In

CYD has been the topic of a number of recent research reports. Wall Street Zen downgraded China Yuchai International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Stock Performance

Shares of CYD opened at $49.76 on Friday. China Yuchai International Limited has a 52 week low of $20.17 and a 52 week high of $61.48. The stock’s 50-day moving average price is $48.04 and its 200-day moving average price is $43.98.

China Yuchai International 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.