Hhlr Advisors LTD. Makes New $1.19 Million Investment in China Yuchai International Limited $CYD

Key Points

• Hhlr Advisors LTD. has acquired 70,000 shares of China Yuchai International Limited valued at approximately $1.19 million, representing about 0.19% ownership of the company as of the end of the first quarter.
• Recent upgrades from analysts include a shift from a "hold" to a "strong-buy" rating for China Yuchai International by both Wall Street Zen and Zacks Research, contributing to an average rating of "Buy."
• The company has increased its annual dividend to $0.53, yielding 430%, up from $0.38, with a current payout ratio of 32.72%.

Hhlr Advisors LTD. purchased a new stake in China Yuchai International Limited (NYSE:CYD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 70,000 shares of the company's stock, valued at approximately $1,189,000. Hhlr Advisors LTD. owned 0.19% of China Yuchai International at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CYD. Millennium Management LLC raised its holdings in shares of China Yuchai International by 42.2% in the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company's stock valued at $450,000 after acquiring an additional 14,030 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of China Yuchai International during the first quarter worth about $258,000. Nomura Holdings Inc. bought a new position in shares of China Yuchai International in the fourth quarter worth approximately $191,000. Pinpoint Asset Management Ltd purchased a new stake in China Yuchai International in the first quarter valued at approximately $3,382,000. Finally, Ariose Capital Management Ltd bought a new stake in China Yuchai International during the first quarter valued at approximately $3,383,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CYD. Zacks Research raised shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a report 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 analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, China Yuchai International has a consensus rating of "Buy".

China Yuchai International Stock Down 0.7%

Shares of China Yuchai International stock traded down $0.23 during trading on Thursday, hitting $33.51. The company's stock had a trading volume of 265,031 shares, compared to its average volume of 276,907. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.55. The company has a market capitalization of $1.26 billion, a PE ratio of 20.69 and a beta of 1.03. The company has a fifty day simple moving average of $26.72 and a two-hundred day simple moving average of $21.05. China Yuchai International Limited has a 52 week low of $8.61 and a 52 week high of $34.31.

China Yuchai International Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were issued a dividend of $0.53 per share. The ex-dividend date was Wednesday, June 25th. This is a boost from China Yuchai International's previous annual dividend of $0.38. This represents a dividend yield of 430.0%. China Yuchai International's dividend payout ratio is 32.72%.

China Yuchai International Company Profile

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.