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

Diversify Wealth Management LLC increased its stake in China Yuchai International Limited (NYSE:CYD) by 41.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,412 shares of the company’s stock after buying an additional 22,305 shares during the quarter. Diversify Wealth Management LLC owned approximately 0.20% of China Yuchai International worth $3,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in China Yuchai International during the second quarter worth $48,000. Public Employees Retirement Association of Colorado acquired a new stake in China Yuchai International in the fourth quarter valued at $50,000. Advisory Services Network LLC acquired a new stake in China Yuchai International in the third quarter valued at $66,000. Deutsche Bank AG bought a new position in shares of China Yuchai International in the 4th quarter valued at about $67,000. Finally, Blue Trust Inc. bought a new position in shares of China Yuchai International in the 1st quarter valued at about $69,000.

China Yuchai International Price Performance

CYD stock opened at $44.53 on Tuesday. China Yuchai International Limited has a 1-year low of $21.27 and a 1-year high of $61.48. The business’s 50 day simple moving average is $50.30 and its 200 day simple moving average is $45.78.

China Yuchai International Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Friday, July 17th will be issued a $0.87 dividend. This is an increase from China Yuchai International’s previous annual dividend of $0.53. This represents a dividend yield of 201.0%. The ex-dividend date is Friday, July 17th.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. 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. Finally, Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Two 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 price target of $60.00.

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.