Hantz Financial Services Inc. Acquires 782 Shares of Nextracker Inc. $NXT

Hantz Financial Services Inc. raised its holdings in shares of Nextracker Inc. (NASDAQ:NXT) by 1,737.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 827 shares of the company’s stock after acquiring an additional 782 shares during the quarter. Hantz Financial Services Inc.’s holdings in Nextracker were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cambridge Investment Research Advisors Inc. bought a new position in shares of Nextracker in the first quarter worth $210,000. Ethic Inc. increased its holdings in shares of Nextracker by 65.1% in the second quarter. Ethic Inc. now owns 8,469 shares of the company’s stock worth $494,000 after purchasing an additional 3,339 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Nextracker by 51.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,735 shares of the company’s stock worth $850,000 after purchasing an additional 6,693 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Nextracker by 1,620.2% in the first quarter. SBI Securities Co. Ltd. now owns 5,453 shares of the company’s stock worth $230,000 after purchasing an additional 5,136 shares during the period. Finally, Sage Rhino Capital LLC bought a new position in shares of Nextracker in the first quarter worth $212,000. Institutional investors own 67.41% of the company’s stock.

Insider Transactions at Nextracker

In related news, insider Bruce Ledesma sold 6,980 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $56.24, for a total value of $392,555.20. Following the completion of the transaction, the insider directly owned 195,790 shares of the company’s stock, valued at $11,011,229.60. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $67.21, for a total transaction of $302,445.00. Following the completion of the transaction, the chief financial officer directly owned 295,059 shares of the company’s stock, valued at approximately $19,830,915.39. The trade was a 1.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 22,400 shares of company stock worth $1,485,485. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NXT. Zacks Research raised shares of Nextracker to a “hold” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. upped their price target on shares of Nextracker from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. The Goldman Sachs Group upped their target price on shares of Nextracker from $89.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Roth Capital set a $120.00 target price on shares of Nextracker in a research report on Friday, October 24th. Finally, Northland Securities reiterated a “market perform” rating on shares of Nextracker in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.05.

Nextracker Stock Up 12.1%

NASDAQ NXT opened at $111.84 on Thursday. The company has a 50-day simple moving average of $80.21 and a two-hundred day simple moving average of $65.07. Nextracker Inc. has a 12-month low of $33.29 and a 12-month high of $112.74. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 2.49 and a beta of 2.31.

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

About Nextracker

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.