China Yuchai International (NYSE:CYD) Reaches New 12-Month High – Here’s What Happened

China Yuchai International Limited (NYSE:CYD)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.64 and last traded at $51.48, with a volume of 38244 shares traded. The stock had previously closed at $50.00.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. Weiss Ratings restated a “hold (c+)” rating on shares of China Yuchai International in a research report on Monday, December 22nd. Finally, UBS Group assumed coverage on China Yuchai International in a report on Tuesday, January 6th. They issued a “buy” rating and a $60.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

China Yuchai International Stock Performance

The company has a 50 day simple moving average of $40.79 and a 200 day simple moving average of $36.82.

Hedge Funds Weigh In On China Yuchai International

Several hedge funds and other institutional investors have recently bought and sold shares of CYD. UBS Group AG boosted its stake in China Yuchai International by 752.8% in the 3rd quarter. UBS Group AG now owns 849,464 shares of the company’s stock worth $35,142,000 after purchasing an additional 749,861 shares during the period. Millennium Management LLC lifted its position 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 worth $29,796,000 after purchasing an additional 440,278 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in China Yuchai International in the 2nd quarter valued at approximately $4,759,000. Lighthouse Investment Partners LLC purchased a new position in shares of China Yuchai International during the 2nd quarter valued at $4,307,000. Finally, Tudor Investment Corp ET AL raised its holdings in shares of China Yuchai International by 545.9% during the third quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock worth $6,389,000 after acquiring an additional 130,515 shares in the last quarter.

China Yuchai International Company 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.