Novanta Inc. (NASDAQ:NOVT) CFO Robert Buckley Sells 1,500 Shares of Stock

Novanta Inc. (NASDAQ:NOVTGet Free Report) CFO Robert Buckley sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $160.23, for a total transaction of $240,345.00. Following the sale, the chief financial officer now directly owns 120,159 shares in the company, valued at approximately $19,253,076.57. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Robert Buckley also recently made the following trade(s):

  • On Thursday, February 1st, Robert Buckley sold 1,500 shares of Novanta stock. The stock was sold at an average price of $156.41, for a total transaction of $234,615.00.
  • On Tuesday, January 2nd, Robert Buckley sold 3,000 shares of Novanta stock. The shares were sold at an average price of $163.91, for a total transaction of $491,730.00.
  • On Monday, December 18th, Robert Buckley sold 900 shares of Novanta stock. The shares were sold at an average price of $170.08, for a total value of $153,072.00.
  • On Wednesday, December 6th, Robert Buckley sold 3,000 shares of Novanta stock. The stock was sold at an average price of $150.87, for a total transaction of $452,610.00.

Novanta Trading Up 2.5 %

Shares of NOVT opened at $167.44 on Friday. Novanta Inc. has a twelve month low of $111.20 and a twelve month high of $187.60. The company has a current ratio of 2.83, a quick ratio of 1.72 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $159.99 and its 200-day simple moving average is $152.81. The company has a market cap of $6.00 billion, a P/E ratio of 79.73 and a beta of 1.33.

Novanta (NASDAQ:NOVTGet Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $221.50 million during the quarter, compared to analyst estimates of $223.18 million. Novanta had a return on equity of 18.54% and a net margin of 8.51%. Novanta’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.81 EPS. As a group, analysts expect that Novanta Inc. will post 3.02 EPS for the current year.

Institutional Trading of Novanta

Several institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in Novanta by 33.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,602 shares of the technology company’s stock valued at $512,000 after purchasing an additional 901 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Novanta by 49.1% in the first quarter. MetLife Investment Management LLC now owns 18,484 shares of the technology company’s stock worth $2,630,000 after acquiring an additional 6,085 shares during the period. Raymond James Trust N.A. grew its holdings in Novanta by 26.5% during the 1st quarter. Raymond James Trust N.A. now owns 1,904 shares of the technology company’s stock worth $271,000 after acquiring an additional 399 shares in the last quarter. Baird Financial Group Inc. increased its position in Novanta by 15.6% during the 1st quarter. Baird Financial Group Inc. now owns 3,090 shares of the technology company’s stock valued at $440,000 after purchasing an additional 418 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of Novanta by 23.1% in the 1st quarter. Lazard Asset Management LLC now owns 976 shares of the technology company’s stock valued at $138,000 after purchasing an additional 183 shares in the last quarter. 96.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Novanta from a “c+” rating to a “b-” rating in a research report on Thursday, December 28th.

View Our Latest Research Report on NOVT

About Novanta

(Get Free Report)

Novanta Inc, together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion in the United States and internationally. The company operates through three segments: Photonics, Vision, and Precision Motion. The Photonics segment offers photonics-based solutions, including laser scanning, beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures.

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