JinkoSolar Holding Co., Ltd. (NYSE:JKS) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its position in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) by 58.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,252 shares of the semiconductor company's stock after buying an additional 31,130 shares during the period. Northern Trust Corp owned 0.16% of JinkoSolar worth $2,098,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JKS. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of JinkoSolar by 5.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,289 shares of the semiconductor company's stock worth $532,000 after acquiring an additional 1,028 shares during the period. CANADA LIFE ASSURANCE Co purchased a new position in shares of JinkoSolar during the fourth quarter valued at approximately $55,000. SBI Securities Co. Ltd. purchased a new position in shares of JinkoSolar in the 4th quarter valued at approximately $119,000. New York State Common Retirement Fund purchased a new stake in JinkoSolar in the fourth quarter worth about $132,000. Finally, Jump Financial LLC purchased a new position in shares of JinkoSolar in the 4th quarter worth about $200,000. Institutional investors own 35.82% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a research report on Thursday, March 27th. UBS Group reduced their price objective on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Citigroup lowered shares of JinkoSolar from a "buy" rating to a "sell" rating in a report on Monday, May 5th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $27.19.

JinkoSolar Trading Down 0.6%

Shares of JKS traded down $0.12 during midday trading on Friday, hitting $18.24. 29,642 shares of the stock were exchanged, compared to its average volume of 832,768. The firm has a market cap of $936.86 million, a P/E ratio of 30.91 and a beta of 0.16. JinkoSolar Holding Co., Ltd. has a 52-week low of $13.42 and a 52-week high of $37.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. The stock has a fifty day simple moving average of $17.64 and a 200 day simple moving average of $21.33.

JinkoSolar (NYSE:JKS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The semiconductor company reported ($2.85) earnings per share for the quarter, missing analysts' consensus estimates of ($1.45) by ($1.40). The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The firm's quarterly revenue was down 39.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.34 earnings per share. On average, research analysts anticipate that JinkoSolar Holding Co., Ltd. will post -0.24 EPS for the current fiscal year.

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.