JinkoSolar Holding Company Limited (JKS) Shares Bought by Royal Bank of Canada

Royal Bank of Canada boosted its stake in shares of JinkoSolar Holding Company Limited (NYSE:JKS) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,315 shares of the semiconductor company’s stock after buying an additional 535 shares during the quarter. Royal Bank of Canada owned approximately 0.09% of JinkoSolar Holding Company Limited worth $568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in JinkoSolar Holding Company Limited during the 2nd quarter valued at about $377,000. Teachers Advisors LLC bought a new stake in JinkoSolar Holding Company Limited during the 2nd quarter valued at about $2,018,000. TIAA CREF Investment Management LLC lifted its holdings in JinkoSolar Holding Company Limited by 1,601.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 314,700 shares of the semiconductor company’s stock valued at $6,546,000 after buying an additional 296,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in JinkoSolar Holding Company Limited by 177.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 613,191 shares of the semiconductor company’s stock valued at $10,157,000 after buying an additional 392,524 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in JinkoSolar Holding Company Limited by 215.2% during the 1st quarter. Morgan Stanley now owns 124,593 shares of the semiconductor company’s stock valued at $2,065,000 after buying an additional 85,063 shares in the last quarter. Institutional investors own 21.91% of the company’s stock.

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JinkoSolar Holding Company Limited (NYSE JKS) opened at $28.41 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 0.07. The company has a market cap of $924.66, a PE ratio of 12.86, a price-to-earnings-growth ratio of -3.69 and a beta of 1.92. JinkoSolar Holding Company Limited has a 12-month low of $12.72 and a 12-month high of $30.50.

JinkoSolar Holding Company Limited (NYSE:JKS) last posted its earnings results on Wednesday, September 6th. The semiconductor company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.49). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $998.22 million. JinkoSolar Holding Company Limited had a net margin of 5.42% and a return on equity of 7.88%. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the business posted $2.04 EPS. equities research analysts expect that JinkoSolar Holding Company Limited will post 0.77 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on JKS. Zacks Investment Research upgraded shares of JinkoSolar Holding Company Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. ValuEngine upgraded shares of JinkoSolar Holding Company Limited from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Axiom Securities reiterated a “buy” rating on shares of JinkoSolar Holding Company Limited in a report on Saturday, July 22nd. Roth Capital lifted their price objective on shares of JinkoSolar Holding Company Limited from $18.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, September 26th. Finally, Credit Suisse Group lowered shares of JinkoSolar Holding Company Limited from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $20.00 in a report on Tuesday, August 22nd. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.40.

JinkoSolar Holding Company Limited Company Profile

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

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Institutional Ownership by Quarter for JinkoSolar Holding Company Limited (NYSE:JKS)

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