Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 52,708 Nextracker Inc. (NASDAQ:NXT)


Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Nextracker Inc. (NASDAQ:NXT – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 52,708 shares of the company’s stock, valued at approximately $2,117,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.09% of Nextracker at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new position in shares of Nextracker in the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC bought a new position in Nextracker in the 1st quarter worth approximately $55,000. Trium Capital LLP bought a new position in Nextracker in the 3rd quarter worth approximately $101,000. Strs Ohio bought a new position in Nextracker in the 3rd quarter worth approximately $104,000. Finally, New York State Teachers Retirement System bought a new position in Nextracker in the 3rd quarter worth approximately $155,000. Institutional investors own 44.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Nextracker from $57.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Truist Financial boosted their price objective on shares of Nextracker from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Citigroup boosted their price objective on shares of Nextracker from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Cantor Fitzgerald upped their target price on shares of Nextracker from $52.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Nextracker from $61.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, Nextracker currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.78.

Check Out Our Latest Report on Nextracker

Nextracker Trading Up 0.8 %

Shares of NASDAQ NXT opened at $57.94 on Friday. The firm has a market cap of $7.91 billion and a PE ratio of 30.98. Nextracker Inc. has a 1-year low of $28.24 and a 1-year high of $61.45. The company has a fifty day moving average price of $49.37 and a 200 day moving average price of $42.67.

Nextracker (NASDAQ:NXT – Get Free Report) last announced its earnings results on Wednesday, January 31st. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.51. The firm had revenue of $710.43 million during the quarter, compared to analyst estimates of $615.53 million. Nextracker had a net margin of 4.48% and a negative return on equity of 5.98%. Equities research analysts forecast that Nextracker Inc. will post 2.18 EPS for the current year.

About Nextracker

(Free Report)

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.

Read More

Want to see what other hedge funds are holding NXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nextracker Inc. (NASDAQ:NXT – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Nextracker, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Nextracker wasn’t on the list.

While Nextracker currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Exit mobile version