Strs Ohio Raises Position in Nextracker Inc. $NXT

Strs Ohio raised its holdings in Nextracker Inc. (NASDAQ:NXT) by 112.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 34,400 shares of the company’s stock after acquiring an additional 18,200 shares during the quarter. Strs Ohio’s holdings in Nextracker were worth $1,870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXT. Northwestern Mutual Wealth Management Co. boosted its holdings in Nextracker by 703.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 659 shares of the company’s stock valued at $28,000 after purchasing an additional 577 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of Nextracker by 122.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 589 shares of the company’s stock valued at $32,000 after buying an additional 324 shares during the period. Summit Securities Group LLC boosted its stake in shares of Nextracker by 796.0% in the 1st quarter. Summit Securities Group LLC now owns 905 shares of the company’s stock valued at $38,000 after buying an additional 804 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Nextracker in the 1st quarter valued at about $40,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of Nextracker by 1,737.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 827 shares of the company’s stock valued at $45,000 after buying an additional 782 shares during the period. 67.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nextracker

In related news, President Howard Wenger sold 5,217 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $75.00, for a total value of $391,275.00. Following the completion of the sale, the president owned 409,039 shares in the company, valued at $30,677,925. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce Ledesma sold 6,980 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $56.24, for a total transaction of $392,555.20. Following the completion of the sale, the insider directly owned 195,790 shares of the company’s stock, valued at $11,011,229.60. The trade was a 3.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,400 shares of company stock worth $1,485,485 in the last 90 days. 0.56% of the stock is owned by insiders.

Nextracker Stock Performance

Nextracker stock opened at $99.81 on Wednesday. Nextracker Inc. has a fifty-two week low of $33.29 and a fifty-two week high of $106.90. The company has a market capitalization of $14.77 billion, a P/E ratio of 25.92, a PEG ratio of 2.53 and a beta of 2.31. The stock has a 50-day simple moving average of $79.33 and a 200-day simple moving average of $64.74.

Nextracker (NASDAQ:NXT) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. Nextracker had a return on equity of 35.05% and a net margin of 17.08%.The company had revenue of $905.27 million during the quarter, compared to analysts’ expectations of $839.53 million. Nextracker has set its FY 2026 guidance at 4.040-4.250 EPS. As a group, analysts forecast that Nextracker Inc. will post 3.29 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on NXT. Barclays lifted their price target on shares of Nextracker from $92.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Zacks Research raised shares of Nextracker to a “hold” rating in a research report on Tuesday, August 12th. Northland Securities reaffirmed a “market perform” rating on shares of Nextracker in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft set a $99.00 price target on Nextracker and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Guggenheim set a $74.00 price target on Nextracker in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Nextracker presently has an average rating of “Moderate Buy” and an average price target of $94.05.

Nextracker Profile

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.