Mitsubishi UFJ Trust & Banking Corp Makes New Investment in JinkoSolar Holding Company Limited $JKS

Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of JinkoSolar Holding Company Limited (NYSE:JKS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,347 shares of the semiconductor company’s stock, valued at approximately $1,162,000.

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

JinkoSolar Stock Down 1.1%

Shares of NYSE:JKS opened at $25.51 on Friday. JinkoSolar Holding Company Limited has a 1 year low of $13.42 and a 1 year high of $31.88. The company has a market capitalization of $1.32 billion, a PE ratio of -2.79 and a beta of 0.52. The business has a fifty day moving average price of $26.85 and a two-hundred day moving average price of $25.09. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.30 and a quick ratio of 1.02.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings results on Monday, November 17th. The semiconductor company reported ($2.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.56) by $0.26. JinkoSolar had a negative net margin of 4.98% and a negative return on equity of 8.96%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.72 billion. Analysts forecast that JinkoSolar Holding Company Limited will post -0.24 earnings per share for the current year.

Analyst Ratings Changes

JKS has been the subject of a number of analyst reports. Wall Street Zen downgraded JinkoSolar from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Roth Mkm lifted their target price on JinkoSolar from $17.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Zacks Research upgraded JinkoSolar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. UBS Group restated a “neutral” rating on shares of JinkoSolar in a research note on Friday, November 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of JinkoSolar from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.33.

JinkoSolar 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.