Raymond James Financial Services Advisors Inc. Purchases New Position in China Yuchai International Limited (CYD)

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Raymond James Financial Services Advisors Inc. purchased a new stake in China Yuchai International Limited (NYSE:CYD) during the 2nd quarter, Holdings Channel reports. The firm purchased 9,295 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds have also modified their holdings of CYD. Cambria Investment Management L.P. bought a new position in shares of China Yuchai International in the 1st quarter valued at about $225,000. Element Capital Management LLC bought a new position in shares of China Yuchai International in the 1st quarter valued at about $271,000. ETRADE Capital Management LLC grew its position in shares of China Yuchai International by 7.0% in the 1st quarter. ETRADE Capital Management LLC now owns 45,857 shares of the company’s stock valued at $971,000 after acquiring an additional 3,005 shares during the period. Northern Trust Corp grew its position in shares of China Yuchai International by 6.3% in the 1st quarter. Northern Trust Corp now owns 48,182 shares of the company’s stock valued at $1,020,000 after acquiring an additional 2,850 shares during the period. Finally, UBS Group AG grew its position in shares of China Yuchai International by 16.1% in the 1st quarter. UBS Group AG now owns 144,871 shares of the company’s stock valued at $3,067,000 after acquiring an additional 20,047 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

A number of brokerages have recently commented on CYD. Greenridge Global began coverage on shares of China Yuchai International in a research report on Monday, June 18th. They issued a “buy” rating and a $28.00 price objective for the company. TheStreet downgraded shares of China Yuchai International from a “b-” rating to a “c+” rating in a research report on Tuesday, May 15th. ValuEngine downgraded shares of China Yuchai International from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, Zacks Investment Research downgraded shares of China Yuchai International from a “hold” rating to a “sell” rating in a research report on Monday, August 20th.

Shares of CYD stock opened at $18.76 on Friday. The stock has a market cap of $772.16 million, a P/E ratio of 6.10 and a beta of 1.33. China Yuchai International Limited has a 52 week low of $18.00 and a 52 week high of $27.98.

China Yuchai International (NYSE:CYD) last announced its earnings results on Friday, August 10th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.24). The company had revenue of $635.46 million for the quarter, compared to the consensus estimate of $629.87 million. China Yuchai International had a return on equity of 27.31% and a net margin of 5.90%. analysts forecast that China Yuchai International Limited will post 2.23 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for China Yuchai International (NYSE:CYD)

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