Ritholtz Wealth Management Has $947,000 Holdings in China Yuchai International Limited $CYD

Ritholtz Wealth Management lifted its holdings in China Yuchai International Limited (NYSE:CYD) by 143.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,587 shares of the company’s stock after acquiring an additional 14,474 shares during the quarter. Ritholtz Wealth Management owned approximately 0.07% of China Yuchai International worth $947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in China Yuchai International during the 2nd quarter worth about $48,000. Public Employees Retirement Association of Colorado acquired a new stake in China Yuchai International in the 4th quarter valued at about $50,000. Advisory Services Network LLC bought a new position in shares of China Yuchai International in the third quarter worth about $66,000. Deutsche Bank AG bought a new position in shares of China Yuchai International in the fourth quarter worth about $67,000. Finally, Blue Trust Inc. acquired a new position in shares of China Yuchai International during the first quarter worth approximately $69,000.

China Yuchai International Trading Down 0.0%

NYSE:CYD opened at $44.81 on Monday. The business’s 50-day simple moving average is $49.49 and its 200-day simple moving average is $44.99. China Yuchai International Limited has a fifty-two week low of $21.27 and a fifty-two week high of $61.48.

Analysts Set New Price Targets

Several research firms have recently commented on CYD. Wall Street Zen raised shares of China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings cut shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $60.00.

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.