Goldman Sachs Group Inc. Invests $422,000 in China Yuchai International Limited $CYD

Key Points

• Goldman Sachs Group Inc. has invested approximately $422,000 in China Yuchai International Limited by acquiring 24,845 shares during the first quarter.
• Several hedge funds also increased their stakes in China Yuchai International, with Jane Street Group LLC investing around $1,409,000.
• Stock analysts have raised their ratings on China Yuchai International, with recent upgrades to a "strong-buy" from both Wall Street Zen and Zacks Research.

Goldman Sachs Group Inc. bought a new stake in shares of China Yuchai International Limited (NYSE:CYD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,845 shares of the company's stock, valued at approximately $422,000. Goldman Sachs Group Inc. owned approximately 0.07% of China Yuchai International at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in China Yuchai International during the 1st quarter valued at about $1,409,000. Hhlr Advisors LTD. acquired a new position in China Yuchai International during the 1st quarter valued at about $1,189,000. Trexquant Investment LP acquired a new position in China Yuchai International during the 1st quarter valued at about $258,000. Pinpoint Asset Management Ltd acquired a new position in China Yuchai International during the 1st quarter valued at about $3,382,000. Finally, Ariose Capital Management Ltd acquired a new position in China Yuchai International during the 1st quarter valued at about $3,383,000.

China Yuchai International Stock Up 3.4%

China Yuchai International stock opened at $41.37 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.55. The business's 50-day simple moving average is $31.37 and its two-hundred day simple moving average is $23.12. The company has a market cap of $1.55 billion, a PE ratio of 25.54 and a beta of 1.03. China Yuchai International Limited has a fifty-two week low of $8.61 and a fifty-two week high of $41.97.

Analyst Ratings Changes

Several research analysts recently issued reports on CYD shares. Wall Street Zen raised China Yuchai International from a "buy" rating to a "strong-buy" rating in a research report on Friday. Zacks Research raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy".

About China Yuchai International

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.

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