Universal Beteiligungs und Servicegesellschaft mbH Has $19.20 Million Stock Holdings in Nextpower Inc. $NXT

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its Nextpower stake by 24% to 220,506 shares, a holding worth approximately $19.2 million, while institutional investors and hedge funds now own about 67.41% of the company.
• Wall Street sentiment is broadly positive with a consensus rating of Moderate Buy and a consensus target price of $117.47, after multiple firms raised targets and issued Buy/Overweight ratings.
• Nextpower beat quarterly estimates—EPS $1.10 vs. $0.93 and revenue $909.35M vs. $812.43M—and the stock trades near $121 with a market cap of $18.03 billion and a P/E of 31.05.

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Nextpower Inc. (NASDAQ:NXT - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 220,506 shares of the company's stock after buying an additional 42,748 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of Nextpower worth $19,200,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in Nextpower by 268.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306 shares of the company's stock worth $28,000 after buying an additional 223 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in Nextpower during the 3rd quarter worth $36,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Nextpower by 511.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 495 shares of the company's stock worth $37,000 after buying an additional 414 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Nextpower by 76.5% during the 4th quarter. Baillie Gifford & Co. now owns 420 shares of the company's stock worth $37,000 after buying an additional 182 shares in the last quarter. Finally, BOKF NA lifted its holdings in Nextpower by 1,135.7% during the 3rd quarter. BOKF NA now owns 519 shares of the company's stock worth $38,000 after buying an additional 477 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird set a $126.00 target price on shares of Nextpower in a research report on Wednesday, January 28th. Bank of America upped their target price on shares of Nextpower from $102.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, January 22nd. Glj Research reiterated a "buy" rating and set a $147.33 target price on shares of Nextpower in a research report on Monday, March 16th. Wells Fargo & Company upped their target price on shares of Nextpower from $109.00 to $127.00 and gave the company an "overweight" rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of Nextpower from a "hold" rating to a "buy" rating in a research report on Sunday, April 19th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.47.

Nextpower Stock Down 2.4%

NXT opened at $121.41 on Friday. Nextpower Inc. has a 12 month low of $37.16 and a 12 month high of $131.72. The company has a fifty day simple moving average of $114.59 and a 200 day simple moving average of $102.61. The stock has a market cap of $18.03 billion, a P/E ratio of 31.05, a P/E/G ratio of 5.91 and a beta of 2.02.

Nextpower (NASDAQ:NXT - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. Nextpower had a net margin of 16.43% and a return on equity of 32.01%. The business had revenue of $909.35 million during the quarter, compared to analysts' expectations of $812.43 million. On average, equities research analysts expect that Nextpower Inc. will post 3.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director William D. Watkins sold 5,000 shares of the company's stock in a transaction on Friday, January 30th. The shares were sold at an average price of $118.57, for a total value of $592,850.00. Following the completion of the sale, the director owned 11,777 shares in the company, valued at $1,396,398.89. This represents a 29.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel S. Shugar sold 59,456 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $105.17, for a total transaction of $6,252,987.52. Following the completion of the sale, the chief executive officer owned 746,339 shares of the company's stock, valued at approximately $78,492,472.63. This represents a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 104,348 shares of company stock valued at $10,876,525. 0.56% of the stock is owned by corporate insiders.

Nextpower Profile

Nextpower, formerly known as Nextracker, is traded on NASDAQ under the symbol NXT and is a leading provider of advanced solar tracking solutions for utility-scale and distributed energy projects. The company specializes in the design, engineering and manufacturing of single-axis tracker systems that optimize the capture of solar energy by following the sun’s trajectory throughout the day. Nextpower’s core hardware offerings aim to enhance energy yield, reduce balance-of-system costs and simplify installation and maintenance for downstream solar developers and operators.

In addition to its tracker hardware, Nextpower provides a suite of digital software and analytics tools to maximize asset performance.

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