Mitsubishi UFJ Trust & Banking Corp Takes $1.16 Million Position in JinkoSolar Holding Company Limited $JKS

Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of JinkoSolar Holding Company Limited (NYSE:JKS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 48,347 shares of the semiconductor company’s stock, valued at approximately $1,162,000. Mitsubishi UFJ Trust & Banking Corp owned about 0.09% of JinkoSolar as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. MTM Investment Management LLC bought a new stake in shares of JinkoSolar during the second quarter worth about $28,000. Raymond James Financial Inc. acquired a new stake in JinkoSolar during the 2nd quarter worth approximately $47,000. JPMorgan Chase & Co. grew its holdings in JinkoSolar by 7,759.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock worth $235,000 after acquiring an additional 10,941 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of JinkoSolar by 18.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,449 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 3,608 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in JinkoSolar by 51.3% in the second quarter. Public Employees Retirement System of Ohio now owns 33,900 shares of the semiconductor company’s stock valued at $719,000 after purchasing an additional 11,500 shares during the period. 35.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JKS shares. UBS Group reiterated a “neutral” rating on shares of JinkoSolar in a research report on Friday, November 28th. Wall Street Zen cut JinkoSolar from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of JinkoSolar in a report on Wednesday, December 24th. The Goldman Sachs Group boosted their price target on shares of JinkoSolar from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Wednesday, November 19th. Finally, Roth Mkm increased their price objective on shares of JinkoSolar from $17.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $22.33.

JinkoSolar Price Performance

Shares of JKS opened at $25.51 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of -2.79 and a beta of 0.52. JinkoSolar Holding Company Limited has a 52-week low of $13.42 and a 52-week high of $31.88. The business’s 50 day moving average price is $26.85 and its two-hundred day moving average price is $25.09. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 1.30.

JinkoSolar (NYSE:JKS) last released its quarterly earnings data on Monday, November 17th. The semiconductor company reported ($2.30) earnings per share for the quarter, beating the consensus estimate of ($2.56) by $0.26. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.72 billion. JinkoSolar had a negative net margin of 4.98% and a negative return on equity of 8.96%. On average, equities analysts anticipate that JinkoSolar Holding Company Limited will post -0.24 EPS for the current year.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.