Mackenzie Financial Corp Purchases 44,661 Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Mackenzie Financial Corp boosted its holdings in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) by 1.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,572,177 shares of the semiconductor company's stock after acquiring an additional 44,661 shares during the quarter. Mackenzie Financial Corp owned 4.84% of JinkoSolar worth $53,296,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of JinkoSolar by 16.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 661,563 shares of the semiconductor company's stock valued at $24,445,000 after buying an additional 92,737 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of JinkoSolar by 212.2% during the 4th quarter. Hsbc Holdings PLC now owns 104,000 shares of the semiconductor company's stock valued at $3,842,000 after buying an additional 70,689 shares during the last quarter. Barometer Capital Management Inc. acquired a new stake in shares of JinkoSolar during the 4th quarter valued at about $126,000. Green Alpha Advisors LLC lifted its holdings in shares of JinkoSolar by 21.9% during the 1st quarter. Green Alpha Advisors LLC now owns 75,993 shares of the semiconductor company's stock valued at $1,914,000 after buying an additional 13,674 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of JinkoSolar by 31.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,588 shares of the semiconductor company's stock valued at $1,300,000 after buying an additional 12,464 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. The Goldman Sachs Group cut their price objective on JinkoSolar from $21.00 to $18.00 and set a "sell" rating on the stock in a research note on Tuesday, September 3rd. StockNews.com raised JinkoSolar from a "sell" rating to a "hold" rating in a research note on Wednesday, September 18th. Finally, Roth Mkm cut their price objective on JinkoSolar from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, JinkoSolar has an average rating of "Hold" and a consensus price target of $24.60.

JinkoSolar Stock Performance

NYSE JKS traded up $1.96 during trading on Friday, hitting $23.21. The company's stock had a trading volume of 1,519,284 shares, compared to its average volume of 833,619. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average price of $19.52 and a 200 day moving average price of $22.60. The firm has a market cap of $1.23 billion, a P/E ratio of 3.62 and a beta of 0.40. JinkoSolar Holding Co., Ltd. has a 52 week low of $16.70 and a 52 week high of $38.65.

JinkoSolar (NYSE:JKS - Get Free Report) last issued its quarterly earnings results on Friday, August 30th. The semiconductor company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.05 by $0.92. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.85 billion. JinkoSolar had a return on equity of 7.86% and a net margin of 1.65%. Equities research analysts forecast that JinkoSolar Holding Co., Ltd. will post -0.42 earnings per share for the current fiscal year.

JinkoSolar Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $1.50 per share. This represents a dividend yield of 15.6%. The ex-dividend date of this dividend was Thursday, August 15th. JinkoSolar's dividend payout ratio is presently 46.18%.

About JinkoSolar

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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.