Matthews International Capital Management LLC Grows Stake in China Yuchai International Limited $CYD

Matthews International Capital Management LLC increased its stake in shares of China Yuchai International Limited (NYSE:CYD) by 423.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 324,034 shares of the company’s stock after acquiring an additional 262,165 shares during the period. China Yuchai International comprises approximately 5.1% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Matthews International Capital Management LLC’s holdings in China Yuchai International were worth $12,475,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CYD. UBS Group AG increased its position in shares of China Yuchai International by 752.8% during the 3rd quarter. UBS Group AG now owns 849,464 shares of the company’s stock worth $35,142,000 after purchasing an additional 749,861 shares during the last quarter. Millennium Management LLC grew its stake in shares of China Yuchai International by 157.3% in the third quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock valued at $29,796,000 after buying an additional 440,278 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of China Yuchai International by 3.4% in the fourth quarter. Renaissance Technologies LLC now owns 278,494 shares of the company’s stock valued at $9,887,000 after buying an additional 9,287 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in China Yuchai International by 73.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,141 shares of the company’s stock worth $9,728,000 after buying an additional 99,260 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in China Yuchai International by 25.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 193,555 shares of the company’s stock worth $6,871,000 after buying an additional 39,130 shares during the last quarter.

China Yuchai International Trading Up 0.1%

CYD stock opened at $46.22 on Monday. The business’s fifty day moving average price is $50.24 and its two-hundred day moving average price is $45.71. China Yuchai International Limited has a fifty-two week low of $21.27 and a fifty-two week high of $61.48.

China Yuchai International Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, July 28th. Investors of record on Friday, July 17th will be paid a $0.87 dividend. This represents a dividend yield of 201.0%. This is a boost from China Yuchai International’s previous annual dividend of $0.53. The ex-dividend date is Friday, July 17th.

Analyst Upgrades and Downgrades

A number of analysts have commented on CYD shares. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Weiss Ratings lowered shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, Wall Street Zen raised shares of China Yuchai International from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, China Yuchai International presently has an average rating of “Buy” and an average price target of $60.00.

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.