China Yuchai International Limited $CYD Holdings Decreased by Shah Capital Management

Shah Capital Management trimmed its holdings in China Yuchai International Limited (NYSE:CYD) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,618,441 shares of the company’s stock after selling 27,956 shares during the quarter. China Yuchai International comprises about 12.0% of Shah Capital Management’s investment portfolio, making the stock its 3rd biggest holding. Shah Capital Management owned about 4.31% of China Yuchai International worth $62,310,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in China Yuchai International in the second quarter worth about $48,000. Public Employees Retirement Association of Colorado bought a new position in shares of China Yuchai International during the fourth quarter valued at approximately $50,000. Advisory Services Network LLC purchased a new position in shares of China Yuchai International during the third quarter valued at approximately $66,000. Deutsche Bank AG purchased a new position in shares of China Yuchai International during the fourth quarter valued at approximately $67,000. Finally, Blue Trust Inc. bought a new stake in shares of China Yuchai International in the 1st quarter worth approximately $69,000.

Analyst Upgrades and Downgrades

CYD has been the topic of several recent research reports. Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Wall Street Zen raised China Yuchai International from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $60.00.

China Yuchai International Stock Up 2.4%

Shares of China Yuchai International stock opened at $47.31 on Wednesday. The company has a 50-day simple moving average of $49.65 and a two-hundred day simple moving average of $45.15. China Yuchai International Limited has a 52-week low of $21.27 and a 52-week high of $61.48.

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.