Nia Impact Advisors LLC Has $2.37 Million Stock Holdings in Nextracker Inc. (NASDAQ:NXT)

Nia Impact Advisors LLC boosted its position in shares of Nextracker Inc. (NASDAQ:NXT - Free Report) by 33.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,739 shares of the company's stock after purchasing an additional 16,290 shares during the period. Nia Impact Advisors LLC's holdings in Nextracker were worth $2,365,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP boosted its stake in shares of Nextracker by 52.4% during the 4th quarter. Allworth Financial LP now owns 803 shares of the company's stock worth $29,000 after buying an additional 276 shares during the last quarter. Signaturefd LLC boosted its position in Nextracker by 14.7% during the fourth quarter. Signaturefd LLC now owns 2,344 shares of the company's stock valued at $86,000 after purchasing an additional 301 shares during the last quarter. Principal Securities Inc. grew its stake in Nextracker by 41.8% in the fourth quarter. Principal Securities Inc. now owns 1,390 shares of the company's stock valued at $51,000 after purchasing an additional 410 shares in the last quarter. Mariner LLC grew its stake in Nextracker by 4.3% in the fourth quarter. Mariner LLC now owns 11,328 shares of the company's stock valued at $414,000 after purchasing an additional 469 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Nextracker by 38.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,859 shares of the company's stock worth $68,000 after purchasing an additional 516 shares during the last quarter. Institutional investors and hedge funds own 67.41% of the company's stock.

Insider Buying and Selling

In other Nextracker news, insider Bruce Ledesma sold 27,453 shares of Nextracker stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $60.17, for a total value of $1,651,847.01. Following the transaction, the insider now owns 120,972 shares in the company, valued at $7,278,885.24. The trade was a 18.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Howard Wenger sold 6,066 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $55.00, for a total transaction of $333,630.00. Following the completion of the transaction, the president now directly owns 219,389 shares of the company's stock, valued at $12,066,395. This trade represents a 2.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,320 shares of company stock valued at $2,524,532 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

Nextracker Stock Performance

Nextracker stock traded down $2.28 during midday trading on Friday, hitting $59.31. The company's stock had a trading volume of 4,314,597 shares, compared to its average volume of 2,929,878. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.20 and a quick ratio of 1.96. Nextracker Inc. has a 1-year low of $30.93 and a 1-year high of $63.19. The company has a 50-day moving average price of $43.44 and a two-hundred day moving average price of $42.01. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 15.09 and a beta of 2.03.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Susquehanna raised their target price on shares of Nextracker from $54.00 to $66.00 and gave the company a "positive" rating in a research note on Thursday. BMO Capital Markets increased their price target on shares of Nextracker from $51.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday. Fox Advisors lowered shares of Nextracker from an "overweight" rating to an "equal weight" rating in a research note on Thursday. BNP Paribas upgraded shares of Nextracker to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on Nextracker from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.90.

Nextracker Company 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.