Novanta Stock Is Roughly Flat This Past Year, So Why Did One Investor Just Bet $45 Million on Shares?

7 hours ago 2

Jonathan Ponciano, The Motley Fool

Sat, February 14, 2026 astatine 1:21 PM CST 4 min read

On February 13, 2026, ACK Asset Management LLC disclosed a caller presumption successful Novanta (NASDAQ:NOVT), acquiring 375,000 shares worthy an estimated $44.62 million.

According to an SEC filing dated February 13, 2026, ACK Asset Management LLC bought 375,000 shares of Novanta, marking a caller position. The quarter-end worth of the presumption totaled $44.62 million.

This was a caller position, representing 5.6% of the fund’s 13F AUM aft the trade.
Top holdings aft the filing:
- NYSE:MTRN: $59.03 cardinal (7.5% of AUM)
- NYSE:GVA: $57.67 cardinal (7.3% of AUM)
- NYSE:WMS: $56.48 cardinal (7.1% of AUM)
- NYSE:ATS: $50.84 cardinal (6.4% of AUM)
- NYSE:CNM: $46.77 cardinal (5.9% of AUM)
As of February 12, 2026, shares of Novanta were priced astatine $139.29, down 5.7% implicit the past twelvemonth and underperforming the S&P 500 by 18.63 percent points.

Metric

Value

Revenue (TTM)	$960.31 million
Net income (TTM)	$52.82 million
Price (as of marketplace adjacent February 12, 2026)	$139.29
One-year terms change	(5.73%)

Novanta designs and manufactures photonics, vision, and precision question components and sub-systems, including laser scanning, beam delivery, aesculapian visualization, and question power solutions.
The institution generates gross by supplying OEMs successful the aesculapian and concern sectors with highly engineered components and sub-systems, leveraging a diversified merchandise portfolio and planetary organisation channels.
Primary customers are archetypal instrumentality manufacturers (OEMs) successful aesculapian technology, beingness sciences, and precocious concern applications worldwide.

Novanta is simply a exertion institution specializing successful precocious photonics, vision, and question power solutions for aesculapian and concern OEMs. With astir $1 cardinal successful trailing twelve-month revenue, the institution leverages a wide portfolio of proprietary technologies and brands to code mission-critical applications successful high-growth extremity markets. Novanta's strategical absorption connected innovation and precision engineering underpins its competitory presumption successful supplying enabling components to starring instrumentality manufacturers globally.

High precision constituent suppliers bash not ever get recognition erstwhile extremity markets wobble, and that disconnect is often wherever accidental begins.

As of Friday, Novanta shares are astir level implicit the past year. Meanwhile, the steadfast generated $247.8 cardinal successful 3rd 4th revenue, up 1.4% twelvemonth implicit year, portion adjusted EBITDA ticked up from $57 cardinal to $58.1 million, a 23.4% margin, and adjusted EPS came successful astatine $0.87.

Looking forward, guidance calls for full-year 2025 gross of $975 cardinal to $979 cardinal and adjusted EBITDA of $222 cardinal to $225 million. Free currency travel successful the 4th was humble astatine $4.2 cardinal arsenic inventory and restructuring spending weighed connected currency generation.

At 5.6% of assets, this is 1 of the larger allocations successful a portfolio already tilted toward concern and infrastructure names similar Materion, Granite Construction, and Advanced Drainage Systems. The cardinal question is whether integrated maturation reaccelerates arsenic aesculapian and precocious concern request recovers.

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