Robeco Schweiz AG Has $51.25 Million Holdings in Nextracker Inc. $NXT

Robeco Schweiz AG cut its stake in Nextracker Inc. (NASDAQ:NXT) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 942,527 shares of the company’s stock after selling 48,064 shares during the period. Nextracker accounts for about 1.2% of Robeco Schweiz AG’s investment portfolio, making the stock its 29th biggest position. Robeco Schweiz AG owned approximately 0.64% of Nextracker worth $51,245,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other Nextracker news, President Howard Wenger sold 5,217 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $75.00, for a total transaction of $391,275.00. Following the sale, the president directly owned 409,039 shares in the company, valued at approximately $30,677,925. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Charles D. Boynton sold 4,500 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $67.21, for a total value of $302,445.00. Following the completion of the transaction, the chief financial officer directly owned 295,059 shares in the company, valued at approximately $19,830,915.39. This represents a 1.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 15,420 shares of company stock worth $1,092,930. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NXT. Zacks Research upgraded Nextracker to a “hold” rating in a report on Tuesday, August 12th. TD Cowen upped their target price on Nextracker from $65.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $99.00 price target on Nextracker and gave the company a “buy” rating in a report on Friday, October 24th. Cowen reaffirmed a “hold” rating on shares of Nextracker in a research note on Friday, October 24th. Finally, Susquehanna lifted their target price on Nextracker from $76.00 to $100.00 and gave the stock a “positive” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.05.

Nextracker Price Performance

NXT opened at $107.43 on Tuesday. The company has a fifty day moving average price of $82.53 and a 200-day moving average price of $66.63. The firm has a market capitalization of $15.94 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 2.61 and a beta of 2.30. Nextracker Inc. has a one year low of $33.29 and a one year high of $112.74.

Nextracker (NASDAQ:NXT) last announced 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 for the quarter, compared to analysts’ expectations of $839.53 million. Nextracker has set its FY 2026 guidance at 4.040-4.250 EPS. On average, analysts expect that Nextracker Inc. will post 3.29 earnings per share for the current year.

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.