US Bancorp DE lifted its holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Rating) by 25.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,680 shares of the semiconductor company's stock after acquiring an additional 536 shares during the period. US Bancorp DE's holdings in JinkoSolar were worth $148,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Selective Wealth Management Inc. acquired a new stake in shares of JinkoSolar in the second quarter worth $55,000. Financial Gravity Asset Management Inc. acquired a new stake in JinkoSolar during the 2nd quarter valued at $5,543,000. Wipfli Financial Advisors LLC acquired a new stake in JinkoSolar during the 3rd quarter valued at $89,000. Atlas Capital Advisors LLC acquired a new stake in JinkoSolar during the 2nd quarter valued at $152,000. Finally, Seaport Global Advisors LLC acquired a new stake in JinkoSolar during the 2nd quarter valued at $153,000.
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JinkoSolar Trading Down 0.6 %
NYSE JKS opened at $56.21 on Friday. JinkoSolar Holding Co., Ltd. has a 12 month low of $35.41 and a 12 month high of $76.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.77. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -244.38 and a beta of 0.73. The company's fifty day moving average price is $49.68 and its two-hundred day moving average price is $53.79.
JinkoSolar (NYSE:JKS – Get Rating) last posted its quarterly earnings results on Friday, October 28th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.20). JinkoSolar had a return on equity of 4.59% and a net
margin of 0.25%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.44 billion. As a group, research analysts predict that JinkoSolar Holding Co., Ltd. will post 3.69 earnings per share for the current fiscal year.
Analyst Ratings Changes
JKS has been the subject of a number of recent analyst reports. StockNews.com raised shares of JinkoSolar from a "sell" rating to a "hold" rating in a report on Friday, October 21st. Roth Capital upgraded shares of JinkoSolar from a "neutral" rating to a "buy" rating and increased their price objective for the company from $50.00 to $70.00 in a research note on Wednesday, January 11th. Finally, TheStreet upgraded shares of JinkoSolar from a "d+" rating to a "c" rating in a research note on Friday, October 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, JinkoSolar presently has an average rating of "Hold" and a consensus target price of $58.25.
About JinkoSolar
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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; and develops commercial solar power projects.
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