China Yuchai International Limited $CYD Stock Position Lessened by Shah Capital Management

Key Points

• Shah Capital Management has reduced its stake in China Yuchai International Limited by 23.5%, now owning approximately 3.3 million shares, which makes up about 11.5% of its investment portfolio.
• China Yuchai International increased its annual dividend to $0.53, representing a significant yield of 430.0% compared to the previous $0.38 dividend.
• A number of analysts have upgraded China Yuchai International's stock rating, with Wall Street Zen and Zacks Research both issuing a "strong-buy" rating recently.

Shah Capital Management lessened its stake in China Yuchai International Limited (NYSE:CYD - Free Report) by 23.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,324,022 shares of the company's stock after selling 1,021,449 shares during the period. China Yuchai International accounts for about 11.5% of Shah Capital Management's portfolio, making the stock its 3rd largest position. Shah Capital Management owned 8.86% of China Yuchai International worth $56,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in CYD. Nomura Holdings Inc. purchased a new position in China Yuchai International in the 4th quarter worth about $191,000. Millennium Management LLC increased its stake in China Yuchai International by 42.2% in the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company's stock worth $450,000 after buying an additional 14,030 shares during the period. Pinpoint Asset Management Ltd purchased a new position in China Yuchai International in the 1st quarter worth about $3,382,000. Finally, Ariose Capital Management Ltd purchased a new position in China Yuchai International in the 1st quarter worth about $3,383,000.

China Yuchai International Stock Up 1.1%

NYSE CYD traded up $0.3350 during trading on Friday, reaching $31.2450. 245,803 shares of the company's stock traded hands, compared to its average volume of 278,403. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 1.20. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 19.29 and a beta of 1.07. The company's 50 day simple moving average is $24.76 and its two-hundred day simple moving average is $19.71. China Yuchai International Limited has a 12-month low of $8.61 and a 12-month high of $32.24.

China Yuchai International Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were given a $0.53 dividend. This represents a dividend yield of 430.0%. The ex-dividend date of this dividend was Wednesday, June 25th. This is an increase from China Yuchai International's previous annual dividend of $0.38. China Yuchai International's payout ratio is presently 32.72%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research raised shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Wall Street Zen raised shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

About China Yuchai International

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.