Capital Wealth Planning LLC Invests $3.30 Million in JinkoSolar Holding Company Limited $JKS

Capital Wealth Planning LLC bought a new position in shares of JinkoSolar Holding Company Limited (NYSE:JKS) during the fourth quarter, Holdings Channel.com reports. The firm bought 118,079 shares of the semiconductor company’s stock, valued at approximately $3,299,000.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of JinkoSolar during the second quarter worth approximately $47,000. Banque Cantonale Vaudoise acquired a new position in shares of JinkoSolar during the fourth quarter worth approximately $58,000. Leonteq Securities AG acquired a new position in shares of JinkoSolar during the fourth quarter worth approximately $101,000. New York State Common Retirement Fund acquired a new position in shares of JinkoSolar during the third quarter worth approximately $182,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of JinkoSolar during the fourth quarter worth approximately $205,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Trading Down 4.3%

JKS opened at $17.47 on Thursday. JinkoSolar Holding Company Limited has a fifty-two week low of $17.36 and a fifty-two week high of $31.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.26 and a quick ratio of 0.95. The company has a market cap of $914.96 million, a price-to-earnings ratio of -1.79 and a beta of 0.52. The firm has a 50 day simple moving average of $22.94 and a 200 day simple moving average of $25.17.

JinkoSolar (NYSE:JKS) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share for the quarter, topping the consensus estimate of ($1.84) by $0.32. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.09 billion. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. On average, sell-side analysts anticipate that JinkoSolar Holding Company Limited will post -2.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Xianhua Li sold 1,280,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $25.53, for a total value of $32,678,400.00. Following the completion of the sale, the director owned 10,349,612 shares in the company, valued at $264,225,594.36. This represents a 11.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wing Keong Siew sold 16,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $26.11, for a total transaction of $417,760.00. Following the completion of the sale, the director owned 186,000 shares of the company’s stock, valued at approximately $4,856,460. This represents a 7.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 19.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JKS shares. UBS Group boosted their price target on shares of JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Weiss Ratings downgraded shares of JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research downgraded shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Daiwa Securities Group raised shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price target for the company in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, JinkoSolar has an average rating of “Hold” and a consensus price target of $24.38.

About JinkoSolar

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.