JinkoSolar Holding Company Limited (NYSE:JKS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its position in JinkoSolar Holding Company Limited (NYSE:JKS - Free Report) by 37.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,170 shares of the semiconductor company's stock after selling 17,381 shares during the period. Vontobel Holding Ltd. owned 0.05% of JinkoSolar worth $544,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. CoreCommodity Management LLC raised its position in shares of JinkoSolar by 1.1% in the 4th quarter. CoreCommodity Management LLC now owns 61,559 shares of the semiconductor company's stock worth $1,533,000 after acquiring an additional 640 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of JinkoSolar by 5.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,289 shares of the semiconductor company's stock worth $532,000 after buying an additional 1,028 shares during the last quarter. CANADA LIFE ASSURANCE Co purchased a new stake in shares of JinkoSolar in the 4th quarter worth approximately $55,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of JinkoSolar by 85.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,697 shares of the semiconductor company's stock worth $217,000 after buying an additional 3,998 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of JinkoSolar by 8.9% in the 1st quarter. SG Americas Securities LLC now owns 62,745 shares of the semiconductor company's stock worth $1,170,000 after buying an additional 5,110 shares during the last quarter. Institutional investors own 35.82% of the company's stock.

JinkoSolar Trading Up 1.3%

NYSE:JKS traded up $0.31 during midday trading on Thursday, hitting $24.35. The stock had a trading volume of 716,313 shares, compared to its average volume of 1,047,009. JinkoSolar Holding Company Limited has a one year low of $13.42 and a one year high of $37.36. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -4.85 and a beta of 0.22. The stock has a 50-day moving average of $19.73 and a 200 day moving average of $20.60. The company has a quick ratio of 1.07, a current ratio of 1.33 and a debt-to-equity ratio of 1.11.

JinkoSolar (NYSE:JKS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The semiconductor company reported ($2.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.45) by ($1.40). The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. JinkoSolar had a negative net margin of 2.23% and a negative return on equity of 2.95%. The firm's revenue was down 39.9% compared to the same quarter last year. During the same period last year, the business posted $1.34 EPS. As a group, sell-side analysts forecast that JinkoSolar Holding Company Limited will post -0.24 EPS for the current year.

JinkoSolar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd will be given a $0.325 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.34%. JinkoSolar's payout ratio is -54.98%.

Wall Street Analysts Forecast Growth

JKS has been the topic of several recent research reports. Citigroup downgraded JinkoSolar from a "buy" rating to a "sell" rating in a research note on Monday, May 5th. UBS Group cut their target price on JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group dropped their price target on JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, March 27th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.19.

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.