China Yuchai International Limited (NYSE:CYD) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 47,600 shares, a decline of 34.9% from the June 30th total of 73,100 shares. Based on an average daily trading volume, of 46,700 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the company are short sold.
Several institutional investors have recently added to or reduced their stakes in the business. ETRADE Capital Management LLC grew its stake in China Yuchai International by 48.3% in the second quarter. ETRADE Capital Management LLC now owns 66,534 shares of the company’s stock worth $997,000 after purchasing an additional 21,669 shares in the last quarter. AXA grew its stake in China Yuchai International by 5.2% in the second quarter. AXA now owns 19,200 shares of the company’s stock worth $288,000 after purchasing an additional 950 shares in the last quarter. Brandes Investment Partners LP grew its stake in China Yuchai International by 9.8% in the second quarter. Brandes Investment Partners LP now owns 1,414,865 shares of the company’s stock worth $21,209,000 after purchasing an additional 125,762 shares in the last quarter. Renaissance Technologies LLC grew its stake in China Yuchai International by 16.4% in the second quarter. Renaissance Technologies LLC now owns 430,214 shares of the company’s stock worth $6,449,000 after purchasing an additional 60,500 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in China Yuchai International by 47.8% in the second quarter. Bank of New York Mellon Corp now owns 67,037 shares of the company’s stock worth $1,005,000 after purchasing an additional 21,689 shares in the last quarter. Institutional investors and hedge funds own 24.85% of the company’s stock.
A number of equities analysts have weighed in on the company. TheStreet raised China Yuchai International from a “c” rating to a “b-” rating in a research report on Tuesday, May 28th. Zacks Investment Research lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th.
NYSE:CYD traded up $0.06 during mid-day trading on Tuesday, reaching $13.98. The company’s stock had a trading volume of 64,941 shares, compared to its average volume of 44,401. China Yuchai International has a 12-month low of $12.00 and a 12-month high of $20.78. The firm’s fifty day simple moving average is $14.48. The stock has a market capitalization of $569.15 million, a PE ratio of 5.64 and a beta of 1.78.
China Yuchai International (NYSE:CYD) last issued its earnings results on Friday, May 10th. The company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). The business had revenue of $618.29 million during the quarter, compared to analysts’ expectations of $685.49 million. China Yuchai International had a return on equity of 23.05% and a net margin of 4.04%. As a group, analysts forecast that China Yuchai International will post 2.65 EPS for the current fiscal year.
The company also recently declared an annual dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.85 per share. The ex-dividend date was Wednesday, July 10th. This represents a dividend yield of 5.89%. China Yuchai International’s dividend payout ratio is currently 34.27%.
China Yuchai International Company Profile
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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