UBS Group AG Cuts Stock Position in China Yuchai International Limited $CYD

UBS Group AG lessened its position in shares of China Yuchai International Limited (NYSE:CYD) by 41.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,766 shares of the company’s stock after selling 348,698 shares during the quarter. UBS Group AG owned about 1.33% of China Yuchai International worth $17,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its position in China Yuchai International by 157.3% during the 3rd 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 China Yuchai International in the second quarter worth about $4,307,000. Tudor Investment Corp ET AL grew its stake 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of China Yuchai International by 73.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,141 shares of the company’s stock worth $9,728,000 after acquiring an additional 99,260 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of China Yuchai International during the first quarter worth about $1,409,000.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CYD. Wall Street Zen lowered China Yuchai International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 28th. Zacks Research lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

China Yuchai International Stock Performance

Shares of CYD stock opened at $48.42 on Wednesday. China Yuchai International Limited has a fifty-two week low of $16.21 and a fifty-two week high of $56.55. The stock’s 50-day simple moving average is $41.78 and its 200-day simple moving average is $41.21.

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.