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

CYD stock opened at $14.06 on Wednesday. The stock has a market capitalization of $574.46 million, a price-to-earnings ratio of 5.98 and a beta of 1.79. The firm’s 50-day moving average price is $14.52. China Yuchai International has a one year low of $12.00 and a one year high of $20.95.

China Yuchai International (NYSE:CYD) last announced its quarterly earnings data on Friday, May 10th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.02). The company had revenue of $618.29 million during the quarter, compared to analysts’ expectations of $685.49 million. China Yuchai International had a net margin of 4.04% and a return on equity of 23.05%. On average, sell-side analysts forecast that China Yuchai International will post 2.65 earnings per share for the current fiscal year.

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

Several institutional investors have recently made changes to their positions in the stock. Northern Trust Corp raised its position in shares of China Yuchai International by 3.6% in the 4th quarter. Northern Trust Corp now owns 22,130 shares of the company’s stock valued at $275,000 after purchasing an additional 762 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 during the last quarter. Rocky Mountain Advisers LLC raised its position in shares of China Yuchai International by 350.7% in the 1st quarter. Rocky Mountain Advisers LLC now owns 1,600 shares of the company’s stock valued at $25,000 after purchasing an additional 1,245 shares during the last quarter. James Investment Research Inc. raised its position in shares of China Yuchai International by 6.3% in the 1st quarter. James Investment Research Inc. now owns 25,910 shares of the company’s stock valued at $411,000 after purchasing an additional 1,525 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of China Yuchai International by 14.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 29,122 shares of the company’s stock valued at $462,000 after purchasing an additional 3,705 shares during the last quarter. 24.92% of the stock is owned by hedge funds and other institutional investors.

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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