Acadian Asset Management LLC Boosts Position in China Yuchai International Limited (NYSE:CYD)

Acadian Asset Management LLC increased its position in China Yuchai International Limited (NYSE:CYD) by 18.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100,350 shares of the company’s stock after buying an additional 170,963 shares during the period. Acadian Asset Management LLC owned about 2.70% of China Yuchai International Limited worth $20,036,000 as of its most recent SEC filing.

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Shares of China Yuchai International Limited (CYD) opened at 17.27 on Friday. The firm has a 50-day moving average price of $20.19 and a 200-day moving average price of $17.89. The company has a market capitalization of $703.10 million, a P/E ratio of 6.91 and a beta of 0.62. China Yuchai International Limited has a one year low of $10.43 and a one year high of $22.96.

China Yuchai International Limited (NYSE:CYD) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.48 earnings per share (EPS) for the quarter. China Yuchai International Limited had a return on equity of 27.42% and a net margin of 4.45%. The business had revenue of $604.24 million for the quarter. Equities analysts forecast that China Yuchai International Limited will post $1.68 earnings per share for the current year.

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Separately, BidaskClub raised China Yuchai International Limited from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th.

About China Yuchai International Limited

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).