Zacks Investment Research upgraded shares of China Yuchai International (NYSE:CYD) from a sell rating to a hold rating in a report published on Wednesday.
According to Zacks, “China Yuchai International Ltd is involved in the Automotive Industry. They manufacture medium-duty diesel engines in China. They also produce diesel power generators and diesel engine parts. The Company primarily manufactures and sells diesel engines for medium-duty trucks in China. “
Separately, ValuEngine cut shares of China Yuchai International from a sell rating to a strong sell rating in a research report on Monday, October 8th.
NYSE CYD traded up $0.53 during trading hours on Wednesday, hitting $14.52. The company’s stock had a trading volume of 60,708 shares, compared to its average volume of 47,264. China Yuchai International has a 52 week low of $12.00 and a 52 week high of $27.98. The stock has a market cap of $559.12 million, a price-to-earnings ratio of 4.70 and a beta of 1.42.
China Yuchai International (NYSE:CYD) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.11). China Yuchai International had a net margin of 5.90% and a return on equity of 25.87%. The business had revenue of $463.63 million during the quarter, compared to the consensus estimate of $574.76 million. As a group, equities analysts predict that China Yuchai International will post 2.13 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its position in China Yuchai International by 60.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 70,033 shares of the company’s stock valued at $1,478,000 after acquiring an additional 26,284 shares in the last quarter. Schroder Investment Management Group increased its stake in China Yuchai International by 35.4% in the 2nd quarter. Schroder Investment Management Group now owns 87,263 shares of the company’s stock valued at $1,841,000 after buying an additional 22,828 shares during the last quarter. Acadian Asset Management LLC increased its stake in China Yuchai International by 6.0% in the 3rd quarter. Acadian Asset Management LLC now owns 1,284,337 shares of the company’s stock valued at $22,183,000 after buying an additional 73,139 shares during the last quarter. Shah Capital Management increased its stake in China Yuchai International by 3.1% in the 4th quarter. Shah Capital Management now owns 3,396,458 shares of the company’s stock valued at $42,251,000 after buying an additional 102,864 shares during the last quarter. Finally, Sensato Investors LLC increased its stake in China Yuchai International by 27.0% in the 3rd quarter. Sensato Investors LLC now owns 343,732 shares of the company’s stock valued at $5,936,000 after buying an additional 73,162 shares during the last quarter. 26.82% of the stock is currently owned by institutional investors and hedge funds.
About China Yuchai International
China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People's Republic of China and internationally. It operates in two segments, Yuchai and HLGE. The company provides diesel and natural gas engines for light trucks, medium and heavy-duty trucks, buses and passenger vehicles, and marine and industrial applications; and generator sets.
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