70,000 Shares in China Yuchai International Limited $CYD Bought by Hhlr Advisors LTD.

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 position in shares of China Yuchai International Limited (NYSE:CYD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 70,000 shares of the company's stock, valued at approximately $1,189,000. Hhlr Advisors LTD. owned about 0.19% of China Yuchai International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CYD. Nomura Holdings Inc. purchased a new stake in China Yuchai International in the 4th quarter valued at approximately $191,000. Trexquant Investment LP purchased a new stake in China Yuchai International in the 1st quarter valued at approximately $258,000. Millennium Management LLC boosted its holdings in 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 purchasing an additional 14,030 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in China Yuchai International in the 1st quarter valued at approximately $3,382,000. Finally, Ariose Capital Management Ltd purchased a new stake in China Yuchai International in the 1st quarter valued at approximately $3,383,000.

China Yuchai International Price Performance

Shares of China Yuchai International stock traded up $0.74 during trading on Friday, hitting $34.33. 296,837 shares of the company were exchanged, compared to its average volume of 280,904. The company has a quick ratio of 1.20, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. China Yuchai International Limited has a fifty-two week low of $8.61 and a fifty-two week high of $34.49. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 21.19 and a beta of 1.03. The firm has a 50 day moving average price of $26.95 and a 200 day moving average price of $21.20.

China Yuchai International Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, July 7th. Investors of record on Wednesday, June 25th were given a dividend of $0.53 per share. The ex-dividend date was Wednesday, June 25th. This represents a dividend yield of 430.0%. 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 Analyst Weigh In

A number of brokerages have weighed in on CYD. Zacks Research raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Wall Street Zen raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy".

China Yuchai International 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.