Novanta Inc. $NOVT Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in Novanta Inc. (NASDAQ:NOVT – Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,340,698 shares of the technology company’s stock after selling 38,190 shares during the quarter. Vanguard Group Inc. owned 0.12% of Novanta worth $516,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Novanta by 75.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,399,462 shares of the technology company’s stock worth $155,536,000 after purchasing an additional 604,055 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Novanta by 15.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 81,691 shares of the technology company’s stock worth $8,181,000 after purchasing an additional 10,896 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Novanta by 24.8% during the 3rd quarter. Bessemer Group Inc. now owns 222,391 shares of the technology company’s stock worth $22,272,000 after purchasing an additional 44,252 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Novanta by 4.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 753,111 shares of the technology company’s stock worth $75,424,000 after purchasing an additional 30,674 shares in the last quarter. Finally, Mawer Investment Management Ltd. raised its stake in shares of Novanta by 1,114.5% during the 3rd quarter. Mawer Investment Management Ltd. now owns 391,148 shares of the technology company’s stock worth $39,173,000 after purchasing an additional 358,941 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Novanta Stock Down 1.4%

Shares of NOVT stock opened at $126.08 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.80 and a current ratio of 3.69. The stock’s 50 day simple moving average is $126.19 and its 200 day simple moving average is $124.42. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 86.36 and a beta of 1.62. Novanta Inc. has a twelve month low of $98.27 and a twelve month high of $149.95.

Novanta (NASDAQ:NOVT – Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $258.35 million for the quarter, compared to the consensus estimate of $260.72 million. Novanta had a return on equity of 13.12% and a net margin of 5.49%.During the same period in the previous year, the business posted $0.76 EPS. Novanta has set its FY 2026 guidance at 3.500-3.650 EPS and its Q1 2026 guidance at 0.750-0.800 EPS. As a group, research analysts predict that Novanta Inc. will post 3.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Novanta from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Zacks Research raised Novanta from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Novanta in a research note on Friday, April 17th. Finally, Robert W. Baird raised Novanta from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $150.00 to $144.00 in a research note on Monday, March 30th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Novanta presently has a consensus rating of “Hold” and an average target price of $144.00.

Get Our Latest Stock Report on NOVT

Insider Activity at Novanta

In other Novanta news, CEO Matthijs Glastra sold 7,500 shares of Novanta stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $145.04, for a total value of $1,087,800.00. Following the transaction, the chief executive officer directly owned 57,367 shares of the company’s stock, valued at $8,320,509.68. The trade was a 11.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert Buckley sold 9,957 shares of Novanta stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $116.77, for a total value of $1,162,678.89. Following the completion of the transaction, the chief financial officer directly owned 96,616 shares in the company, valued at approximately $11,281,850.32. This represents a 9.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 25,380 shares of company stock worth $3,296,276. Company insiders own 1.20% of the company’s stock.

Novanta Profile

(Free Report)

Novanta, Inc (NASDAQ: NOVT) is a global technology company that designs and manufactures precision components, subsystems and software used in advanced photonics and motion control applications. The company serves customers in the medical device and advanced industrial markets, supplying critical technologies for diagnostics and therapeutic systems, semiconductor and electronics manufacturing, and scientific instrumentation. Novanta’s product portfolio includes laser control modules, optics, beam delivery systems, high-precision motors, actuators, stages, and fluidics solutions designed to meet stringent accuracy and reliability requirements.

Novanta’s Photonics segment delivers laser and energy delivery components that enable minimally invasive surgical procedures and diagnostic imaging.

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