AdvisorShares Investments LLC Invests $1.78 Million in China Yuchai International Limited $CYD

AdvisorShares Investments LLC bought a new stake in shares of China Yuchai International Limited (NYSE:CYD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,100 shares of the company’s stock, valued at approximately $1,783,000.

Several other large investors have also added to or reduced their stakes in CYD. Envestnet Asset Management Inc. bought a new stake in China Yuchai International in the third quarter worth approximately $3,170,000. State of Wyoming bought a new stake in shares of China Yuchai International in the 3rd quarter valued at $187,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of China Yuchai International during the 3rd quarter valued at $28,000. Truist Financial Corp bought a new position in China Yuchai International during the third quarter worth $249,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in China Yuchai International in the third quarter worth $543,000.

China Yuchai International Price Performance

NYSE:CYD opened at $50.03 on Friday. China Yuchai International Limited has a one year low of $10.79 and a one year high of $50.98. The firm has a 50-day moving average of $39.89 and a 200-day moving average of $36.26.

Analyst Ratings Changes

Several brokerages have recently weighed in on CYD. Weiss Ratings reiterated a “hold (c+)” rating on shares of China Yuchai International in a report on Monday, December 22nd. Zacks Research downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. UBS Group started coverage on China Yuchai International in a research note on Tuesday, January 6th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Wall Street Zen upgraded China Yuchai International from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, China Yuchai International currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

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.