Wing Keong Siew Sells 16,000 Shares of JinkoSolar (NYSE:JKS) Stock

JinkoSolar Holding Company Limited (NYSE:JKS) Director Wing Keong Siew sold 16,000 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $16.49, for a total transaction of $263,840.00. Following the completion of the transaction, the director owned 170,000 shares of the company’s stock, valued at $2,803,300. This represents a 8.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wing Keong Siew also recently made the following trade(s):

• On Wednesday, May 13th, Wing Keong Siew sold 16,000 shares of JinkoSolar stock. The shares were sold at an average price of $26.11, for a total transaction of $417,760.00.

JinkoSolar Stock Up 0.3%

JKS stock opened at $15.88 on Friday. The firm’s 50-day moving average is $21.04 and its two-hundred day moving average is $24.26. The company has a market capitalization of $831.64 million, a price-to-earnings ratio of -1.63 and a beta of 0.51. JinkoSolar Holding Company Limited has a 52 week low of $15.33 and a 52 week high of $31.88. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 1.16.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.84) by $0.32. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $2.09 billion. On average, analysts forecast that JinkoSolar Holding Company Limited will post -2.76 earnings per share for the current fiscal year.

JinkoSolar Announces Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, July 9th. Shareholders of record on Monday, June 22nd will be paid a dividend of $1.50 per share. This represents a yield of 837.0%. The ex-dividend date of this dividend is Monday, June 22nd. JinkoSolar’s dividend payout ratio (DPR) is presently -15.20%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JKS. Legal & General Group Plc lifted its position in shares of JinkoSolar by 9,212.1% during the 4th quarter. Legal & General Group Plc now owns 499,964 shares of the semiconductor company’s stock valued at $12,904,000 after acquiring an additional 494,595 shares during the last quarter. Invesco Ltd. grew its holdings in shares of JinkoSolar by 15.4% in the 4th quarter. Invesco Ltd. now owns 1,604,250 shares of the semiconductor company’s stock worth $41,406,000 after acquiring an additional 213,935 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of JinkoSolar by 355.9% during the first quarter. Hsbc Holdings PLC now owns 189,569 shares of the semiconductor company’s stock worth $4,817,000 after purchasing an additional 147,992 shares during the period. SG Americas Securities LLC raised its position in shares of JinkoSolar by 189.9% during the fourth quarter. SG Americas Securities LLC now owns 194,231 shares of the semiconductor company’s stock worth $5,013,000 after purchasing an additional 127,234 shares during the period. Finally, Capital Wealth Planning LLC purchased a new stake in shares of JinkoSolar during the fourth quarter valued at $3,299,000. Institutional investors own 35.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on JKS. UBS Group boosted their price objective on JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Wall Street Zen raised JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Freedom Capital raised JinkoSolar from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Weiss Ratings cut shares of JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. 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 report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, JinkoSolar currently has a consensus rating of “Hold” and a consensus target price 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.