Diversify Wealth Management LLC Buys 22,305 Shares of China Yuchai International Limited $CYD

Diversify Wealth Management LLC grew its stake in shares of China Yuchai International Limited (NYSE:CYD) by 41.2% in the 1st quarter, HoldingsChannel reports. The fund owned 76,412 shares of the company’s stock after purchasing an additional 22,305 shares during the quarter. Diversify Wealth Management LLC’s holdings in China Yuchai International were worth $3,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CYD. Public Employees Retirement Association of Colorado acquired a new position in shares of China Yuchai International in the fourth quarter valued at approximately $50,000. Advisory Services Network LLC acquired a new stake in China Yuchai International during the 3rd quarter worth approximately $66,000. Blue Trust Inc. bought a new stake in China Yuchai International in the 1st quarter valued at $69,000. Deutsche Bank AG bought a new stake in China Yuchai International in the 4th quarter valued at $67,000. Finally, Assetmark Inc. grew its holdings in China Yuchai International by 12,312.5% in the 4th quarter. Assetmark Inc. now owns 1,986 shares of the company’s stock valued at $71,000 after buying an additional 1,970 shares in the last quarter.

Analyst Ratings Changes

CYD has been the topic of several recent research reports. Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report 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 report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, China Yuchai International has a consensus rating of “Buy” and an average target price of $60.00.

China Yuchai International Stock Performance

China Yuchai International stock opened at $44.53 on Tuesday. The stock’s fifty day moving average price is $50.30 and its two-hundred day moving average price is $45.78. China Yuchai International Limited has a one year low of $21.27 and a one year high of $61.48.

China Yuchai International Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Friday, July 17th will be issued 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 of this dividend is Friday, July 17th. This represents a dividend yield of 201.0%.

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.