China Yuchai International (NYSE:CYD) Downgraded to “Hold” Rating by Zacks Research

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

Other equities research analysts also recently issued reports about the company. Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Wall Street Zen raised shares of China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, China Yuchai International presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

China Yuchai International Trading Down 1.8%

Shares of CYD stock opened at $43.94 on Thursday. The business’s 50 day moving average is $50.43 and its two-hundred day moving average is $45.96. China Yuchai International has a twelve month low of $21.27 and a twelve month high of $61.48.

China Yuchai International Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Friday, July 17th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a yield of 198.0%. This is a boost from China Yuchai International’s previous annual dividend of $0.53.

Hedge Funds Weigh In On China Yuchai International

A number of large investors have recently modified their holdings of CYD. Quantbot Technologies LP purchased a new position in shares of China Yuchai International during the 2nd quarter worth approximately $48,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of China Yuchai International in the fourth quarter valued at approximately $50,000. Advisory Services Network LLC purchased a new stake in shares of China Yuchai International in the third quarter valued at approximately $66,000. Deutsche Bank AG acquired a new position in China Yuchai International during the fourth quarter worth $67,000. Finally, Blue Trust Inc. acquired a new position in China Yuchai International during the first quarter worth $69,000.

China Yuchai International Company Profile

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.