Gates Industrial Corporation PLC (GTES) – What Are Brokerages Saying About This Stock?

Gates Industrial Corporation PLC (NYSE:GTES) has received an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.45.

A number of research firms recently weighed in on GTES. JPMorgan Chase & Co. raised their price target on shares of Gates Industrial from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. DA Davidson began coverage on Gates Industrial in a research report on Tuesday, September 1st. They set a “neutral” rating and a $29.00 price target on the stock. Weiss Ratings raised shares of Gates Industrial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Wall Street Zen downgraded shares of Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Wells Fargo & Company boosted their price objective on Gates Industrial from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd.

Gates Industrial Price Performance

GTES opened at $26.20 on Tuesday. The company has a 50 day moving average of $26.65 and a two-hundred day moving average of $26.08. The company has a quick ratio of 2.36, a current ratio of 3.24 and a debt-to-equity ratio of 0.58. Gates Industrial has a 52-week low of $20.88 and a 52-week high of $30.34. The company has a market cap of $6.63 billion, a P/E ratio of 18.58 and a beta of 1.28.

Gates Industrial (NYSE:GTES) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $941.60 million during the quarter, compared to the consensus estimate of $927.28 million. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, analysts expect that Gates Industrial will post 1.57 earnings per share for the current year.

Insider Activity

In related news, Director Peifang Zhang sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $29.56, for a total transaction of $177,360.00. Following the transaction, the director owned 44,044 shares in the company, valued at $1,301,940.64. This trade represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Gates Industrial by 46.3% in the first quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock worth $37,000 after buying an additional 514 shares during the last quarter. Parallel Advisors LLC lifted its stake in Gates Industrial by 37.7% in the 1st quarter. Parallel Advisors LLC now owns 2,536 shares of the company’s stock worth $57,000 after acquiring an additional 694 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Gates Industrial in the fourth quarter worth approximately $72,000. Integrated Wealth Concepts LLC purchased a new stake in Gates Industrial in the 2nd quarter worth approximately $120,000. Finally, KBC Group NV boosted its position in Gates Industrial by 21.4% during the first quarter. KBC Group NV now owns 8,958 shares of the company’s stock valued at $203,000 after purchasing an additional 1,579 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

About Gates Industrial

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.