Prudential Financial Inc. Has $1.36 Million Holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Share on StockTwits

Prudential Financial Inc. lifted its position in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 20.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,600 shares of the semiconductor company’s stock after buying an additional 10,600 shares during the quarter. Prudential Financial Inc. owned about 0.21% of JinkoSolar worth $1,358,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JKS. Schroder Investment Management Group grew its stake in shares of JinkoSolar by 55.8% in the second quarter. Schroder Investment Management Group now owns 4,864,074 shares of the semiconductor company’s stock valued at $105,502,000 after buying an additional 1,742,632 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of JinkoSolar by 41.1% in the first quarter. Handelsbanken Fonder AB now owns 333,728 shares of the semiconductor company’s stock valued at $6,007,000 after buying an additional 97,192 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of JinkoSolar by 183.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 129,155 shares of the semiconductor company’s stock valued at $2,325,000 after buying an additional 83,580 shares in the last quarter. Hussman Strategic Advisors Inc. grew its stake in shares of JinkoSolar by 50.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 75,000 shares of the semiconductor company’s stock valued at $1,627,000 after buying an additional 25,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of JinkoSolar in the second quarter valued at $308,000. 66.45% of the stock is owned by institutional investors and hedge funds.

JKS stock traded up $0.10 during midday trading on Friday, reaching $20.87. 7,712 shares of the company were exchanged, compared to its average volume of 929,547. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.95 and a quick ratio of 0.73. The business has a 50-day moving average price of $20.01 and a two-hundred day moving average price of $19.96. JinkoSolar Holding Co., Ltd. has a one year low of $7.11 and a one year high of $24.84. The firm has a market capitalization of $914.53 million, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.36 and a beta of 1.91.

JinkoSolar (NYSE:JKS) last released its quarterly earnings data on Friday, August 30th. The semiconductor company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.10). JinkoSolar had a return on equity of 5.36% and a net margin of 1.72%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $931.74 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts anticipate that JinkoSolar Holding Co., Ltd. will post 2.79 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on JKS shares. Credit Suisse Group raised their target price on shares of JinkoSolar from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. ValuEngine raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Tuesday, May 28th. Zacks Investment Research raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. Finally, UBS Group cut shares of JinkoSolar from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $22.00 to $25.00 in a research report on Monday, June 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $19.17.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

Featured Story: Earnings Reports

Institutional Ownership by Quarter for JinkoSolar (NYSE:JKS)

Receive News & Ratings for JinkoSolar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JinkoSolar and related companies with MarketBeat.com's FREE daily email newsletter.