Dorsey Wright & Associates Boosts Stake in China Yuchai International Limited $CYD

Dorsey Wright & Associates grew its stake in China Yuchai International Limited (NYSE:CYD) by 41.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,208 shares of the company’s stock after acquiring an additional 26,482 shares during the quarter. Dorsey Wright & Associates’ holdings in China Yuchai International were worth $3,473,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Matthews International Capital Management LLC lifted its stake in shares of China Yuchai International by 423.7% during the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock worth $12,475,000 after purchasing an additional 262,165 shares during the period. Diversify Wealth Management LLC grew its position in shares of China Yuchai International by 41.2% in the first quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company’s stock valued at $3,063,000 after purchasing an additional 22,305 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of China Yuchai International in the first quarter valued at $282,000. Personal CFO Solutions LLC increased its stake in China Yuchai International by 2.9% in the first quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company’s stock valued at $407,000 after purchasing an additional 293 shares during the last quarter. Finally, Kathmere Capital Management LLC acquired a new position in China Yuchai International in the first quarter valued at $303,000.

Wall Street Analyst Weigh In

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

China Yuchai International Price Performance

China Yuchai International stock opened at $43.94 on Friday. China Yuchai International Limited has a one year low of $21.27 and a one year high of $61.48. The stock’s 50 day moving average price is $50.43 and its 200 day moving average price is $45.96.

China Yuchai International Increases Dividend

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

China Yuchai International 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.