LongZBRASep 2026
Zebra Technologies Corporation
Zebra delivered strong results and raised annual guidance as revenue accelerated across markets and geographies. Management offset memory supply constraints through pricing and…
Ariel Investments, LLC — Ariel Small/Mid Cap Value Composite
Fundamental, bottom-up U.S. small- and mid-cap value investing in durable, overlooked franchises with strong balance sheets and long-term earnings potential.8 published ideas
Ariel Investments manages a Small/Mid Cap Value strategy that searches for businesses whose market prices understate sustainable economics and competitive advantages. The September 2026 commentary emphasizes patient investment through volatility and opportunities away from crowded mega-cap AI leaders.
Ideas from Ariel Investments, LLC — Ariel Small/Mid Cap Value Composite
LongCRLSep 2026
Charles River Laboratories International, Inc.
Charles River benefited from better biopharmaceutical and biotech customer demand and stronger Discovery & Safety Assessment bookings. Funding conditions for research showed…
LongHAESep 2026
Haemonetics Corporation
Haemonetics exceeded earnings expectations and raised full-year guidance as plasma products grew faster than expected. Its vascular-closure franchise improved, while margins and…
LongNCLHSep 2026
Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line declined amid lower yield expectations, uneven bookings and especially weak demand for European sailings. Higher fuel costs and geopolitical uncertainty…
LongGNRCSep 2026
Generac Holdings Inc.
Generac sold off on concerns about U.S. regulation of foreign-made bulk-power equipment and an already strong share-price run. Ariel thinks investors overlooked strengthening…
LongOSWSep 2026
OneSpaWorld Holdings Limited
OneSpaWorld shares declined despite results above expectations and higher full-year guidance. Ariel attributes the weakness largely to profit taking rather than weakening…
LongADIGSep 2026
ADI Global Distribution, Inc.
Ariel received ADI Global Distribution shares in the separation from Resideo and viewed the muted trading as an attractive entry. ADI has market-leading scale in security…
LongMFPSep 2026
Midera Food Processing, Inc.
Ariel received Midera after its spin-off from Middleby and sees an attractive entry point amid stagnant shares. Its equipment is embedded in protein, bakery and snack production…
Letters covered
- Ariel Small/Mid Cap Value Quarterly Commentary — Q3 2026September 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.