Rep. Lisa C. McClain Purchases Shares of Novanta Inc. (NASDAQ:NOVT)

Key Points

• Representative Lisa C. McClain purchased shares of Novanta Inc. (NASDAQ:NOVT) valued between $1,001 and $15,000 on July 22nd, as disclosed on August 13th.
• Novanta's stock recently declined by 1.2% to $116.75, while the company's quarterly earnings exceeded analysts' expectations, reporting $0.76 earnings per share.
• Institutional investors hold a significant stake in Novanta, with approximately 98.35% of the company owned by hedge funds and institutional investors.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Novanta Inc. NASDAQ: NOVT. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Novanta stock on July 22nd. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Novanta Stock Down 1.2%

NOVT traded down $1.42 on Friday, reaching $116.75. The company's stock had a trading volume of 72,391 shares, compared to its average volume of 287,559. The stock has a 50 day moving average of $124.99 and a two-hundred day moving average of $128.38. The company has a quick ratio of 1.62, a current ratio of 2.54 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 68.72 and a beta of 1.48. Novanta Inc. has a fifty-two week low of $98.76 and a fifty-two week high of $186.75.

Novanta (NASDAQ:NOVT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. The firm had revenue of $241.05 million during the quarter, compared to the consensus estimate of $237.97 million. Novanta had a return on equity of 14.70% and a net margin of 6.41%. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share. As a group, analysts forecast that Novanta Inc. will post 3.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Novanta

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Novanta by 0.9% in the first quarter. Principal Financial Group Inc. now owns 91,578 shares of the technology company's stock valued at $11,710,000 after buying an additional 797 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Novanta in the first quarter valued at approximately $818,000. GAMMA Investing LLC lifted its stake in Novanta by 146.0% in the first quarter. GAMMA Investing LLC now owns 401 shares of the technology company's stock valued at $51,000 after buying an additional 238 shares during the last quarter. Parallel Advisors LLC lifted its stake in Novanta by 1,426.7% in the first quarter. Parallel Advisors LLC now owns 229 shares of the technology company's stock valued at $29,000 after buying an additional 214 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in Novanta in the fourth quarter valued at approximately $3,681,000. Hedge funds and other institutional investors own 98.35% of the company's stock.

Wall Street Analyst Weigh In

NOVT has been the subject of a number of research analyst reports. Wall Street Zen downgraded Novanta from a "buy" rating to a "hold" rating in a report on Monday. Robert W. Baird lowered their price target on Novanta from $139.00 to $133.00 and set a "neutral" rating for the company in a report on Monday.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Novanta Company Profile

Novanta, Inc engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products.

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