China Yuchai International (CYD) Rating Increased to Hold at Zacks Investment Research

China Yuchai International (NYSE:CYD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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 note on Monday, October 8th.

Shares of CYD opened at $13.99 on Wednesday. The company has a market cap of $537.90 million, a PE ratio of 4.53 and a beta of 1.42. China Yuchai International has a twelve month low of $12.00 and a twelve month high of $27.98.

China Yuchai International (NYSE:CYD) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.11). The business had revenue of $463.63 million for the quarter, compared to the consensus estimate of $574.76 million. China Yuchai International had a return on equity of 25.87% and a net margin of 5.90%. On average, equities research analysts predict that China Yuchai International will post 2.13 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in CYD. Russell Investments Group Ltd. grew its stake in shares of China Yuchai International by 60.1% in the second quarter. Russell Investments Group Ltd. now owns 70,033 shares of the company’s stock valued at $1,478,000 after buying an additional 26,284 shares in the last quarter. BlackRock Inc. grew its stake in shares of China Yuchai International by 26.2% in the second quarter. BlackRock Inc. now owns 151,729 shares of the company’s stock valued at $3,294,000 after buying an additional 31,525 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of China Yuchai International by 61.5% in the second quarter. Renaissance Technologies LLC now owns 304,014 shares of the company’s stock valued at $6,597,000 after buying an additional 115,814 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of China Yuchai International by 35.4% in the second 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 in the last quarter. Finally, Ramsey Quantitative Systems grew its stake in shares of China Yuchai International by 40.3% in the third quarter. Ramsey Quantitative Systems now owns 20,827 shares of the company’s stock valued at $360,000 after buying an additional 5,980 shares in the last quarter. 26.82% of the stock is 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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