China Yuchai International (NYSE:CYD) Rating Increased to Strong-Buy at Greenridge Global

Greenridge Global upgraded shares of China Yuchai International (NYSE:CYD) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of China Yuchai International from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Zacks Research lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 16th. Citigroup raised shares of China Yuchai International to a “buy” rating in a report on Monday. Finally, Weiss Ratings lowered shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, China Yuchai International currently has an average rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Stock Up 3.0%

NYSE CYD opened at $46.41 on Monday. China Yuchai International has a 52 week low of $21.27 and a 52 week high of $61.48. The stock’s 50-day moving average price is $49.90 and its 200-day moving average price is $46.41.

China Yuchai International Increases Dividend

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

Hedge Funds Weigh In On China Yuchai International

Several institutional investors have recently made changes to their positions in the company. World Equity Group Inc. acquired a new position in shares of China Yuchai International in the 2nd quarter valued at $315,000. Baron Wealth Management LLC boosted its stake in shares of China Yuchai International by 32.3% during the 2nd quarter. Baron Wealth Management LLC now owns 7,783 shares of the company’s stock worth $369,000 after acquiring an additional 1,898 shares in the last quarter. Bank of America Corp DE grew its position in shares of China Yuchai International by 160.1% during the 1st quarter. Bank of America Corp DE now owns 22,389 shares of the company’s stock valued at $862,000 after acquiring an additional 13,781 shares during the period. Renaissance Technologies LLC grew its position in shares of China Yuchai International by 23.4% during the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock valued at $13,229,000 after acquiring an additional 65,109 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of China Yuchai International by 1.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 35,186 shares of the company’s stock valued at $1,355,000 after purchasing an additional 603 shares in the last quarter.

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.