China Yuchai International (NYSE:CYD) Downgraded by Zacks Investment Research to Hold

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Zacks Investment Research lowered shares of China Yuchai International (NYSE:CYD) from a strong-buy rating to a hold rating in a research note released on Wednesday, Zacks.com reports.

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, TheStreet raised BlackRock TCP Capital from a c+ rating to a b rating in a research note on Tuesday, May 28th.

Shares of CYD stock opened at $14.06 on Wednesday. China Yuchai International has a 1 year low of $12.00 and a 1 year high of $20.95. The firm has a market cap of $576.91 million, a PE ratio of 5.67 and a beta of 1.79. The firm’s fifty day moving average price is $14.52.

China Yuchai International (NYSE:CYD) last released its quarterly earnings data on Friday, May 10th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.02). The company had revenue of $618.29 million for the quarter, compared to the consensus estimate of $685.49 million. China Yuchai International had a return on equity of 23.05% and a net margin of 4.04%. Equities research analysts predict that China Yuchai International will post 2.65 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, July 11th will be paid a dividend of $0.85 per share. This represents a dividend yield of 5.89%. The ex-dividend date of this dividend is Wednesday, July 10th. China Yuchai International’s dividend payout ratio is presently 34.27%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its position in shares of China Yuchai International by 6.3% during the 4th quarter. California Public Employees Retirement System now owns 96,291 shares of the company’s stock valued at $1,198,000 after buying an additional 5,727 shares in the last quarter. BlackRock Inc. lifted its position in shares of China Yuchai International by 19.1% during the 4th quarter. BlackRock Inc. now owns 159,559 shares of the company’s stock valued at $1,986,000 after buying an additional 25,559 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of China Yuchai International during the 4th quarter valued at approximately $254,000. Northern Trust Corp lifted its position in shares of China Yuchai International by 3.6% during the 4th quarter. Northern Trust Corp now owns 22,130 shares of the company’s stock valued at $275,000 after buying an additional 762 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of China Yuchai International by 0.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,743 shares of the company’s stock valued at $2,049,000 after buying an additional 1,000 shares in the last quarter. 24.92% 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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