Brandes Investment Partners LP Acquires 51,953 Shares of China Yuchai International Limited (NYSE:CYD)

Brandes Investment Partners LP grew its holdings in shares of China Yuchai International Limited (NYSE:CYD) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,293,521 shares of the company’s stock after buying an additional 51,953 shares during the quarter. Brandes Investment Partners LP owned 4.79% of China Yuchai International worth $11,771,000 at the end of the most recent reporting period.

Separately, Verity Asset Management Inc. acquired a new position in China Yuchai International during the 1st quarter valued at about $175,000.

China Yuchai International Price Performance

CYD opened at $12.01 on Monday. China Yuchai International Limited has a 1 year low of $7.83 and a 1 year high of $13.05. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $10.89 and its two-hundred day moving average price is $9.43.

China Yuchai International Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 19th were paid a dividend of $0.38 per share. This represents a dividend yield of 4.1%. This is a boost from China Yuchai International’s previous annual dividend of $0.28. The ex-dividend date of this dividend was Monday, August 19th.

Analyst Ratings Changes

Separately, StockNews.com began coverage on China Yuchai International in a research note on Friday, August 16th. They issued a “strong-buy” rating for the company.

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.