China Yuchai International Limited $CYD Stock Sold by Shah Capital Management

Shah Capital Management trimmed its position in China Yuchai International Limited (NYSE:CYD) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,320,058 shares of the company’s stock after selling 20,999 shares during the period. China Yuchai International makes up about 6.8% of Shah Capital Management’s holdings, making the stock its 3rd biggest position. Shah Capital Management owned approximately 3.52% of China Yuchai International worth $40,961,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of China Yuchai International by 101.8% during the third quarter. Farther Finance Advisors LLC now owns 886 shares of the company’s stock worth $27,000 after acquiring an additional 447 shares during the period. Blue Trust Inc. acquired a new stake in shares of China Yuchai International in the 1st quarter valued at approximately $69,000. Caitong International Asset Management Co. Ltd grew its holdings in China Yuchai International by 288.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,294 shares of the company’s stock worth $81,000 after acquiring an additional 1,704 shares during the period. BTG Pactual Asset Management US LLC acquired a new stake in China Yuchai International in the second quarter valued at $211,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of China Yuchai International during the 1st quarter worth $202,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on CYD shares. Zacks Research cut shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Citigroup raised shares of China Yuchai International to a “buy” rating in a research note on Monday, July 27th. Weiss Ratings downgraded shares of China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Greenridge Global raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Wall Street Zen downgraded China Yuchai International from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, China Yuchai International presently has a consensus rating of “Buy” and an average price target of $60.00.

China Yuchai International Trading Up 2.9%

Shares of China Yuchai International stock traded up $0.83 during trading hours on Friday, reaching $29.90. 224,391 shares of the company’s stock were exchanged, compared to its average volume of 178,132. China Yuchai International Limited has a 52-week low of $28.03 and a 52-week high of $61.48. The company has a fifty day moving average of $38.45 and a 200-day moving average of $43.80.

Insider Activity

In related news, Director Neo Kiat sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $45.69, for a total value of $365,520.00. Following the sale, the director directly owned 8,000 shares of the company’s stock, valued at approximately $365,520. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Loo Sen sold 13,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total transaction of $619,740.00. Following the completion of the sale, the chief financial officer owned 13,200 shares of the company’s stock, valued at approximately $619,740. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

About China Yuchai International

China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.

The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.