Forward Management LLC Has $4.78 Million Stake in China Yuchai International Limited (CYD)
Forward Management LLC cut its stake in China Yuchai International Limited (NYSE:CYD) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,287 shares of the company’s stock after selling 24,038 shares during the period. Forward Management LLC’s holdings in China Yuchai International Limited were worth $4,777,000 as of its most recent filing with the SEC.
Separately, Acadian Asset Management LLC raised its stake in 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 valued at $20,036,000 after buying an additional 170,963 shares during the period. Institutional investors own 23.98% of the company’s stock.
Shares of China Yuchai International Limited (NYSE:CYD) opened at 22.10 on Thursday. The company has a market cap of $899.74 million, a price-to-earnings ratio of 8.87 and a beta of 0.62. The stock has a 50 day moving average of $20.35 and a 200 day moving average of $17.78. China Yuchai International Limited has a 12-month low of $10.43 and a 12-month high of $22.96.
China Yuchai International Limited (NYSE:CYD) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.89 earnings per share (EPS) for the quarter. China Yuchai International Limited had a net margin of 4.53% and a return on equity of 27.22%. The firm had revenue of $660.87 million during the quarter. During the same period in the prior year, the company posted $0.33 EPS. Equities research analysts predict that China Yuchai International Limited will post $1.68 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Thursday, July 13th. Investors of record on Wednesday, June 7th were issued a $0.90 dividend. The ex-dividend date of this dividend was Monday, June 5th.
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Separately, BidaskClub lowered shares of China Yuchai International Limited from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd.
China Yuchai International Limited Company Profile
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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