Shares of Gates Industrial Corporation PLC (NYSE:GTES – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $32.45.
GTES has been the topic of several research analyst reports. Wolfe Research reiterated an “outperform” rating and set a $33.00 price target on shares of Gates Industrial in a research report on Thursday, July 9th. Weiss Ratings raised shares of Gates Industrial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Royal Bank Of Canada raised their price objective on shares of Gates Industrial from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Robert W. Baird lifted their price objective on Gates Industrial from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen downgraded Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Saturday.
View Our Latest Stock Analysis on GTES
Insider Buying and Selling
Hedge Funds Weigh In On Gates Industrial
Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Gates Industrial by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,546,581 shares of the company’s stock worth $261,040,000 after buying an additional 295,706 shares during the last quarter. Franklin Resources Inc. boosted its stake in Gates Industrial by 5.5% in the 4th quarter. Franklin Resources Inc. now owns 7,305,065 shares of the company’s stock worth $156,840,000 after purchasing an additional 381,896 shares during the period. Janus Henderson Group PLC boosted its position in shares of Gates Industrial by 3.8% during the first quarter. Janus Henderson Group PLC now owns 5,230,159 shares of the company’s stock worth $118,252,000 after acquiring an additional 193,896 shares during the last quarter. GW&K Investment Management LLC grew its position in shares of Gates Industrial by 0.7% during the fourth quarter. GW&K Investment Management LLC now owns 4,534,381 shares of the company’s stock valued at $97,353,000 after purchasing an additional 30,409 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Gates Industrial by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,346,443 shares of the company’s stock valued at $53,053,000 after buying an additional 38,645 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.
Gates Industrial Price Performance
GTES opened at $26.65 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.36 and a current ratio of 3.24. The stock has a market capitalization of $6.75 billion, a PE ratio of 18.90 and a beta of 1.28. The stock’s 50 day moving average price is $26.72 and its 200-day moving average price is $26.03. Gates Industrial has a 52-week low of $20.88 and a 52-week high of $30.34.
Gates Industrial (NYSE:GTES – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%. The company had revenue of $941.60 million during the quarter, compared to analyst estimates of $927.28 million. During the same quarter last year, the firm posted $0.39 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, equities research analysts predict that Gates Industrial will post 1.57 EPS for the current year.
Gates Industrial Company Profile
Gates Industrial Corporation plc (NYSE: GTES) is a global manufacturer of engineered power transmission and fluid power products. The company develops and supplies belts, hoses, hydraulic components, and related systems used to transfer power, control motion, and manage the flow of fluids in industrial and mobile equipment.
Its products serve a broad range of markets, including automotive and industrial aftermarket, construction, agriculture, energy, manufacturing, transportation, and other applications requiring durable motion and fluid-management solutions.
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