ValuEngine cut shares of China Yuchai International (NYSE:CYD) from a hold rating to a sell rating in a report published on Thursday morning.
Several other equities analysts have also commented on the stock. Greenridge Global assumed coverage on shares of China Yuchai International in a research report on Monday, June 18th. They set a buy rating and a $28.00 price target for the company. TheStreet lowered shares of China Yuchai International from a b- rating to a c+ rating in a research report on Tuesday, May 15th.
China Yuchai International stock opened at $19.17 on Thursday. The stock has a market cap of $782.37 million, a PE ratio of 6.66 and a beta of 1.13. China Yuchai International has a one year low of $16.16 and a one year high of $27.98.
China Yuchai International (NYSE:CYD) last released its quarterly earnings results on Thursday, May 10th. The company reported $0.94 EPS for the quarter. The business had revenue of $689.73 million during the quarter. China Yuchai International had a net margin of 5.95% and a return on equity of 27.18%. research analysts expect that China Yuchai International will post 2.6 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Tuesday, July 10th. Investors of record on Friday, June 29th were issued a $1.48 dividend. The ex-dividend date was Thursday, June 28th. This is an increase from China Yuchai International’s previous special dividend of $0.90. China Yuchai International’s dividend payout ratio is presently 23.62%.
A number of hedge funds have recently bought and sold shares of CYD. Advisor Group Inc. lifted its holdings in China Yuchai International by 45.3% in the fourth quarter. Advisor Group Inc. now owns 6,889 shares of the company’s stock worth $165,000 after purchasing an additional 2,149 shares during the period. Envestnet Asset Management Inc. lifted its holdings in China Yuchai International by 53.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,567 shares of the company’s stock worth $182,000 after purchasing an additional 2,621 shares during the period. Cambria Investment Management L.P. acquired a new stake in China Yuchai International in the first quarter worth about $225,000. Element Capital Management LLC acquired a new stake in China Yuchai International in the first quarter worth about $271,000. Finally, ETRADE Capital Management LLC lifted its holdings in China Yuchai International by 7.0% in the first quarter. ETRADE Capital Management LLC now owns 45,857 shares of the company’s stock worth $971,000 after purchasing an additional 3,005 shares during the period. 26.48% 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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