China Yuchai International (NYSE:CYD) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Separately, BidaskClub downgraded China Yuchai International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd.

China Yuchai International (NYSE CYD) traded down $0.65 during trading hours on Friday, reaching $25.60. The company had a trading volume of 117,690 shares, compared to its average volume of 119,987. The firm has a market capitalization of $1,044.79, a P/E ratio of 9.21 and a beta of 0.84. China Yuchai International has a fifty-two week low of $12.36 and a fifty-two week high of $26.62.

Several hedge funds and other institutional investors have recently bought and sold shares of CYD. California Public Employees Retirement System grew its holdings in shares of China Yuchai International by 6.5% during the 3rd quarter. California Public Employees Retirement System now owns 122,531 shares of the company’s stock valued at $2,728,000 after acquiring an additional 7,531 shares in the last quarter. Allianz Asset Management GmbH lifted its position in China Yuchai International by 149.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 129,613 shares of the company’s stock worth $2,885,000 after acquiring an additional 77,575 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in China Yuchai International by 176.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,946 shares of the company’s stock worth $110,000 after acquiring an additional 3,157 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of China Yuchai International by 2.3% during the third quarter. Brandes Investment Partners LP now owns 1,184,497 shares of the company’s stock valued at $26,575,000 after buying an additional 26,886 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of China Yuchai International by 147.2% during the third quarter. Schroder Investment Management Group now owns 72,419 shares of the company’s stock valued at $1,574,000 after buying an additional 43,119 shares during the last quarter. 26.58% of the stock is currently owned by institutional investors.

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China Yuchai International 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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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