Novanta Inc. $NOVT Stock: Sterling Capital Management LLC Trims Position

Sterling Capital Management LLC lowered its stake in shares of Novanta Inc. (NASDAQ:NOVT) by 88.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,197 shares of the technology company’s stock after selling 9,110 shares during the period. Sterling Capital Management LLC’s holdings in Novanta were worth $170,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NOVT. Public Employees Retirement System of Ohio acquired a new position in shares of Novanta during the 2nd quarter valued at about $34,000. Harbor Investment Advisory LLC acquired a new stake in Novanta during the second quarter worth about $54,000. Allworth Financial LP acquired a new stake in Novanta during the second quarter worth about $59,000. Integrated Wealth Concepts LLC purchased a new position in Novanta during the second quarter worth about $63,000. Finally, Rockefeller Capital Management L.P. raised its stake in Novanta by 155.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 662 shares of the technology company’s stock worth $79,000 after purchasing an additional 403 shares during the period. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NOVT has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Novanta from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Zacks Research downgraded shares of Novanta from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Novanta in a research report on Tuesday, October 13th. Finally, Robert W. Baird set a $194.00 price objective on Novanta in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Novanta presently has a consensus rating of “Hold” and an average target price of $194.00.

Novanta Trading Down 3.6%

Shares of NOVT stock opened at $145.76 on Friday. Novanta Inc. has a 1-year low of $98.27 and a 1-year high of $176.38. The firm has a market cap of $5.51 billion, a PE ratio of 93.44 and a beta of 1.72. The company has a 50-day moving average of $142.32 and a two-hundred day moving average of $142.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.57 and a quick ratio of 3.79.

Novanta (NASDAQ:NOVT) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. Novanta had a net margin of 6.00% and a return on equity of 10.83%. The business had revenue of $265.81 million for the quarter, compared to the consensus estimate of $262.30 million. During the same period in the previous year, the firm earned $0.76 EPS. The business’s revenue was up 10.3% on a year-over-year basis. Novanta has set its FY 2026 guidance at 3.680-3.740 EPS and its Q3 2026 guidance at 0.950-1.000 EPS. On average, analysts predict that Novanta Inc. will post 3.70 EPS for the current year.

Novanta Profile

Novanta Inc is a technology company that develops and manufactures precision equipment and components used primarily in medical and advanced industrial applications. Its solutions are designed to support the movement, imaging, measurement and processing functions of complex equipment.

The company’s products include photonics and laser components, precision motion-control systems, medical imaging and visualization technologies, and equipment used in minimally invasive and robotic surgery.