China Yuchai International Limited (NYSE:CYD) Lifted to Strong-Buy at BidaskClub

China Yuchai International Limited (NYSE:CYD) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday, July 19th.

Shares of China Yuchai International Limited (NYSE:CYD) traded up 1.70% during midday trading on Wednesday, hitting $17.39. The company had a trading volume of 140,533 shares. China Yuchai International Limited has a one year low of $10.43 and a one year high of $22.96. The company’s 50 day moving average is $20.25 and its 200 day moving average is $17.90. The firm has a market cap of $707.91 million, a price-to-earnings ratio of 6.96 and a beta of 0.62.

China Yuchai International Limited (NYSE:CYD) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.48 earnings per share for the quarter. China Yuchai International Limited had a return on equity of 27.42% and a net margin of 4.45%. The company had revenue of $604.24 million during the quarter. Equities analysts forecast that China Yuchai International Limited will post $1.68 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of China Yuchai International Limited by 18.4% in the second quarter. Acadian Asset Management LLC now owns 1,100,350 shares of the company’s stock worth $20,036,000 after buying an additional 170,963 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of China Yuchai International Limited by 21.8% in the second quarter. State of Wisconsin Investment Board now owns 67,353 shares of the company’s stock worth $1,226,000 after buying an additional 12,071 shares in the last quarter. Brandes Investment Partners LP boosted its stake in shares of China Yuchai International Limited by 2.7% in the second quarter. Brandes Investment Partners LP now owns 1,157,611 shares of the company’s stock worth $21,340,000 after buying an additional 30,584 shares in the last quarter. Teachers Advisors LLC bought a new stake in shares of China Yuchai International Limited during the second quarter worth $1,220,000. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of China Yuchai International Limited by 115.2% in the second quarter. TIAA CREF Investment Management LLC now owns 116,109 shares of the company’s stock worth $2,114,000 after buying an additional 62,148 shares in the last quarter. 23.61% of the stock is owned by institutional investors.

About China Yuchai International Limited

China Yuchai International Limited is a holding company. The Company holds interest in Guangxi Yuchai Machinery Company Limited (Yuchai), which manufactures, assembles and sells diesel engines in the People’s Republic of China (the PRC). It holds interest in HL Global Enterprises Limited (HLGE) and Thakral Corporation Ltd (TCL).

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