Proactive Wealth Strategies LLC purchased a new position in shares of Nextracker Inc. (NASDAQ:NXT – Free Report) during the third quarter, HoldingsChannel reports. The fund purchased 35,330 shares of the company’s stock, valued at approximately $1,324,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Nextracker by 166.1% in the first quarter. Vanguard Group Inc. now owns 12,531,526 shares of the company’s stock valued at $705,149,000 after buying an additional 7,821,368 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Nextracker in the 2nd quarter valued at $43,078,000. Earnest Partners LLC bought a new stake in shares of Nextracker during the 1st quarter valued at $46,593,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Nextracker by 1,800.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 846,310 shares of the company’s stock worth $39,675,000 after purchasing an additional 801,780 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Nextracker by 2,854.7% in the second quarter. Principal Financial Group Inc. now owns 738,456 shares of the company’s stock valued at $34,619,000 after purchasing an additional 713,463 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.
Nextracker Stock Performance
NXT opened at $39.58 on Tuesday. Nextracker Inc. has a 1-year low of $30.93 and a 1-year high of $62.31. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 9.87 and a beta of 2.32. The company’s fifty day moving average price is $36.16 and its two-hundred day moving average price is $43.49. The company has a current ratio of 2.21, a quick ratio of 1.99 and a debt-to-equity ratio of 0.11.
Analyst Upgrades and Downgrades
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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.
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