National Bank of Canada FI Raises Stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

National Bank of Canada FI boosted its holdings in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 494.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 284,400 shares of the semiconductor company’s stock after buying an additional 236,526 shares during the quarter. National Bank of Canada FI owned 0.55% of JinkoSolar worth $9,948,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its position in JinkoSolar by 10.0% during the third quarter. Invesco Ltd. now owns 1,657,885 shares of the semiconductor company’s stock valued at $50,350,000 after purchasing an additional 150,262 shares during the period. Vanguard Group Inc. boosted its stake in shares of JinkoSolar by 1.8% in the third quarter. Vanguard Group Inc. now owns 1,554,356 shares of the semiconductor company’s stock worth $47,206,000 after buying an additional 27,438 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in JinkoSolar by 44.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 634,700 shares of the semiconductor company’s stock worth $19,276,000 after acquiring an additional 195,300 shares during the period. Vontobel Holding Ltd. raised its position in JinkoSolar by 1.8% during the fourth quarter. Vontobel Holding Ltd. now owns 326,585 shares of the semiconductor company’s stock valued at $12,064,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in JinkoSolar by 257.5% in the 3rd quarter. Trexquant Investment LP now owns 144,230 shares of the semiconductor company’s stock worth $4,380,000 after purchasing an additional 103,883 shares in the last quarter. 35.82% of the stock is owned by hedge funds and other institutional investors.

JinkoSolar Trading Down 2.3 %

JKS stock opened at $25.43 on Thursday. JinkoSolar Holding Co., Ltd. has a 12-month low of $21.06 and a 12-month high of $47.85. The business’s 50-day moving average is $24.85 and its 200 day moving average is $28.82. The company has a current ratio of 1.03, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 3.97 and a beta of 0.38.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($1.11). JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. The firm had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.08 billion. On average, sell-side analysts anticipate that JinkoSolar Holding Co., Ltd. will post 3.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JKS. StockNews.com upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Roth Mkm reissued a “neutral” rating and set a $25.00 target price on shares of JinkoSolar in a research note on Tuesday, April 30th. HSBC reaffirmed a “hold” rating and issued a $30.00 price target on shares of JinkoSolar in a report on Monday, February 5th. Daiwa Capital Markets lowered JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a report on Monday, February 5th. Finally, UBS Group reduced their target price on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, JinkoSolar presently has an average rating of “Hold” and a consensus target price of $26.60.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.