Robert Buckley, Novanta Inc. (NOVT)’s insider Sold 8,780 Shares; Scheer Rowlett & Associates Investment Management LTD Lowered Magna International Class A (MGA) Position By $12.30 Million

A few days ago, an insider trading sale was made. Robert Buckley, the Chief Financial Officer and an insider of Novanta Inc unloaded precisely 8,780 shares of Novanta Inc, worth roughly $491,225 USD, at $55.9 for share at the time of the sale. In the last month, he also unloaded 17,614 shares with value $989,672 USD. At the moment, Robert Buckley has ownership of 166,643 shares or 0.48% of the Company’s market cap.

Scheer Rowlett & Associates Investment Management Ltd decreased Magna International Inc. Class A (MGA) stake by 14.76% reported in 2017Q3 SEC filing. Scheer Rowlett & Associates Investment Management Ltd sold 232,115 shares as Magna International Inc. Class A (MGA)’s stock declined 0.57%. The Scheer Rowlett & Associates Investment Management Ltd holds 1.34 million shares with $71.36 million value, down from 1.57 million last quarter. Magna International Inc. Class A now has $20.01 billion valuation. The stock increased 1.02% or $0.56 during the last trading session, reaching $55.72. About 498,798 shares traded. Magna International Inc. (NYSE:MGA) has risen 15.97% since March 20, 2017 and is uptrending. It has underperformed by 0.73% the S&P500.

The stock increased 0.81% or $0.45 during the last trading session, reaching $56.05. About 41,175 shares traded. Novanta Inc. (NASDAQ:NOVT) has risen 122.07% since March 20, 2017 and is uptrending. It has outperformed by 105.37% the S&P500.

Novanta Inc., together with its subsidiaries, designs, develops, makes, markets, and sells precision photonic and motion control components and subsystems to original equipment manufacturers in the medical equipment and advanced industrial technology markets worldwide. The company has market cap of $1.94 billion. The firm operates in three divisions: Photonics, Vision, and Precision Motion. It has a 49.6 P/E ratio. The Photonics segment offers photonics solutions, including CO2 laser sources, and laser scanning and laser beam delivery products for photonics applications, such as industrial material processing, metrology, medical and life science imaging, and medical laser procedures.

Analysts await Novanta Inc. (NASDAQ:NOVT) to report earnings on May, 14. They expect $0.40 EPS, up 29.03% or $0.09 from last year’s $0.31 per share. NOVT’s profit will be $13.84 million for 35.03 P/E if the $0.40 EPS becomes a reality. After $0.44 actual EPS reported by Novanta Inc. for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.

Analysts await Magna International Inc. (NYSE:MGA) to report earnings on May, 10. They expect $1.67 earnings per share, up 9.15% or $0.14 from last year’s $1.53 per share. MGA’s profit will be $599.85 million for 8.34 P/E if the $1.67 EPS becomes a reality. After $1.57 actual earnings per share reported by Magna International Inc. for the previous quarter, Wall Street now forecasts 6.37% EPS growth.

Scheer Rowlett & Associates Investment Management Ltd increased Gildan Activewear Class A (NYSE:GIL) stake by 69,240 shares to 1.39M valued at $43.41M in 2017Q3. It also upped Cameco Corp. (NYSE:CCJ) stake by 237,323 shares and now owns 1.89 million shares. Transcanada Corp. (NYSE:TRP) was raised too.

Among 15 analysts covering Magna International (NYSE:MGA), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. Magna International had 54 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Bank of America given on Wednesday, November 9. The stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by RBC Capital Markets on Wednesday, January 10. On Thursday, August 6 the stock rating was downgraded by Zacks to “Hold”. The stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by TD Securities on Monday, October 16. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, September 14. The stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by Citigroup on Monday, January 25. The firm earned “Neutral” rating on Wednesday, November 9 by Macquarie Research. The stock has “Buy” rating by Bank of America on Wednesday, October 18. The firm has “Hold” rating given on Thursday, June 22 by BMO Capital Markets. TD Securities downgraded Magna International Inc. (NYSE:MGA) on Friday, January 19 to “Hold” rating.