Zacks Investment Research downgraded shares of China Yuchai International (NYSE:CYD) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning, 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 upgraded BlackRock TCP Capital from a c+ rating to a b rating in a research report on Tuesday, May 28th.

Shares of NYSE:CYD 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 stock has a market cap of $574.46 million, a price-to-earnings ratio of 5.98 and a beta of 1.79. The company’s 50 day simple moving average is $14.52.

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

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

Several large investors have recently made changes to their positions in the company. Shah Capital Management lifted its position in shares of China Yuchai International by 1.9% during the 1st quarter. Shah Capital Management now owns 3,459,658 shares of the company’s stock valued at $54,835,000 after buying an additional 63,200 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in China Yuchai International by 0.6% in 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 purchasing an additional 1,000 shares in the last quarter. BlackRock Inc. lifted its holdings in China Yuchai International by 19.1% in the 4th quarter. BlackRock Inc. now owns 159,559 shares of the company’s stock valued at $1,986,000 after purchasing an additional 25,559 shares in the last quarter. AJO LP lifted its holdings in China Yuchai International by 260.9% in the 1st quarter. AJO LP now owns 154,707 shares of the company’s stock valued at $2,452,000 after purchasing an additional 111,838 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in China Yuchai International by 97.7% in the 4th quarter. Two Sigma Investments LP now owns 107,786 shares of the company’s stock valued at $1,341,000 after purchasing an additional 53,273 shares in the last quarter. Hedge funds and other institutional investors own 24.92% of the company’s stock.

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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