On February 13, 2026, ACK Asset Management LLC acquired a new position in Novanta (NASDAQ:NOVT), purchasing 375,000 shares valued at $44.62 million. This represented 5.6% of the fund’s 13F AUM after the trade. Novanta’s revenue is $960.31 million, net income is $52.82 million, and share price was $139.29 on February 12, 2026.

Novanta designs and manufactures photonics, vision, and precision motion components for medical and industrial OEMs, generating revenue from supplying highly engineered components globally. The company reported $247.8 million in third quarter revenue in 2025, with adjusted EBITDA at $58.1 million and adjusted EPS of $0.87. Full-year 2025 revenue guidance is $975 million to $979 million.

Before investing in Novanta, consider that the Motley Fool Stock Advisor team did not include it in their list of 10 best stocks to buy now. Novanta shares have remained flat over the past year, with a focus on industrial and infrastructure names in the portfolio. The key question is if organic growth will accelerate as demand recovers in medical and advanced industrial sectors.

Read more at Yahoo Finance: Novanta Stock Is Roughly Flat This Past Year, So Why Did One Investor Just Bet $45 Million on Shares?