JinkoSolar Holding Co., Ltd. (NYSE:JKS) Shares Bought by National Bank of Canada FI

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

Several other hedge funds have also modified their holdings of JKS. Signaturefd LLC raised its position in JinkoSolar by 202.1% in the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 673 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of JinkoSolar in the 3rd quarter valued at about $31,000. Van ECK Associates Corp lifted its stake in shares of JinkoSolar by 16.0% in the third quarter. Van ECK Associates Corp now owns 14,379 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 1,987 shares during the period. California Public Employees Retirement System boosted its holdings in JinkoSolar by 3.0% during the third quarter. California Public Employees Retirement System now owns 73,834 shares of the semiconductor company’s stock worth $2,242,000 after buying an additional 2,142 shares in the last quarter. Finally, Vontobel Holding Ltd. grew 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 worth $12,064,000 after buying an additional 5,800 shares during the period. 35.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JKS has been the topic of several research analyst reports. Roth Capital lowered JinkoSolar from a “buy” rating to a “neutral” rating in a research note on Thursday, March 21st. Daiwa Capital Markets downgraded JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Monday, February 5th. StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. UBS Group cut their price target on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group lowered their price objective on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.60.

JinkoSolar Stock Performance

NYSE JKS opened at $25.43 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.03 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 Holding Co., Ltd. has a fifty-two week low of $21.06 and a fifty-two week high of $47.85. The business has a fifty day moving average of $24.85 and a 200-day moving average of $28.82.

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

JinkoSolar 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.