Gates Industrial Corporation PLC $GTES Shares Purchased by Penn Capital Management Company LLC

Posted by Francis Steltz on May 27th, 2026

Penn Capital Management Company LLC lifted its holdings in Gates Industrial Corporation PLC (NYSE:GTES – Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,191 shares of the company’s stock after purchasing an additional 44,951 shares during the quarter. Penn Capital Management Company LLC’s holdings in Gates Industrial were worth $14,084,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Allianz Asset Management GmbH purchased a new position in shares of Gates Industrial in the third quarter worth $2,033,000. Caprock Group LLC purchased a new position in shares of Gates Industrial in the third quarter worth $1,695,000. New York State Common Retirement Fund raised its holdings in shares of Gates Industrial by 33.4% in the third quarter. New York State Common Retirement Fund now owns 1,381,075 shares of the company’s stock worth $34,278,000 after buying an additional 345,552 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Gates Industrial by 61.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,182,100 shares of the company’s stock worth $54,160,000 after acquiring an additional 830,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Gates Industrial by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 26,753,365 shares of the company’s stock worth $664,019,000 after acquiring an additional 1,281,339 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GTES shares. Wall Street Zen lowered Gates Industrial from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Weiss Ratings lowered Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Barclays reduced their target price on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 target price on shares of Gates Industrial in a research note on Friday, February 13th. Finally, Robert W. Baird reduced their target price on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.90.

Check Out Our Latest Research Report on Gates Industrial

Gates Industrial Stock Performance

Shares of GTES stock opened at $25.31 on Wednesday. The business has a fifty day moving average of $24.30 and a 200 day moving average of $23.80. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 26.36 and a beta of 1.28. Gates Industrial Corporation PLC has a 1 year low of $20.59 and a 1 year high of $28.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 2.66.

Gates Industrial (NYSE:GTES – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $851.10 million during the quarter, compared to analyst estimates of $859.72 million. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The company’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, research analysts expect that Gates Industrial Corporation PLC will post 1.53 earnings per share for the current year.

About Gates Industrial

(Free Report)

Gates Industrial Corporation PLC (NYSE: GTES) is a leading global manufacturer of engineered power transmission belts and fluid power products. The company’s portfolio includes synchronous belts, V-belts, hose assemblies, fittings and hydraulic components designed to support a wide range of industrial and automotive applications. Gates Industrial serves sectors such as agriculture, mining, construction, manufacturing, transportation and consumer markets, offering solutions that improve performance, reliability and efficiency in demanding operating environments.

In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.