Gates Industrial Corporation PLC $GTES Stock Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its holdings in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,009,225 shares of the company’s stock after selling 54,890 shares during the period. Gates Industrial comprises 1.3% of Leeward Investments LLC MA’s portfolio, making the stock its 10th largest holding. Leeward Investments LLC MA’s holdings in Gates Industrial were worth $26,442,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GTES. Signaturefd LLC raised its stake in shares of Gates Industrial by 114.3% in the 3rd quarter. Signaturefd LLC now owns 10,961 shares of the company’s stock valued at $287,000 after buying an additional 5,847 shares in the last quarter. Sowell Financial Services LLC lifted its holdings in shares of Gates Industrial by 9.2% during the 3rd quarter. Sowell Financial Services LLC now owns 8,399 shares of the company’s stock worth $220,000 after acquiring an additional 706 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Gates Industrial by 3.6% during the 3rd quarter. Evergreen Capital Management LLC now owns 17,527 shares of the company’s stock valued at $459,000 after acquiring an additional 617 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Gates Industrial during the 3rd quarter valued at about $34,000. Finally, Cooke & Bieler LP acquired a new stake in shares of Gates Industrial during the 3rd quarter valued at about $9,255,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

GTES has been the topic of a number of analyst reports. Wells Fargo & Company upped their target price on shares of Gates Industrial from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Weiss Ratings cut shares of Gates Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. KeyCorp raised their price target on shares of Gates Industrial from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Royal Bank Of Canada upped their price objective on Gates Industrial from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Wolfe Research reissued an “outperform” rating and issued a $33.00 target price on shares of Gates Industrial in a report on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.45.

Insider Activity

In related news, Director Peifang Zhang sold 6,000 shares of Gates Industrial stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $29.56, for a total transaction of $177,360.00. Following the completion of the transaction, the director directly owned 44,044 shares of the company’s stock, valued at $1,301,940.64. This trade represents a 11.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by company insiders.

Gates Industrial Stock Performance

Gates Industrial stock opened at $25.06 on Monday. The firm has a market capitalization of $6.34 billion, a P/E ratio of 17.77 and a beta of 1.28. The stock has a fifty day moving average price of $26.18 and a two-hundred day moving average price of $26.30. Gates Industrial Corporation PLC has a 52-week low of $20.88 and a 52-week high of $30.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.24 and a quick ratio of 2.36.

Gates Industrial (NYSE:GTES) last issued its earnings results on Friday, July 31st. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Gates Industrial had a net margin of 10.37% and a return on equity of 10.11%. The company had revenue of $941.60 million for the quarter, compared to the consensus estimate of $927.28 million. During the same quarter in the previous year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. As a group, analysts anticipate that Gates Industrial Corporation PLC will post 1.58 EPS for the current fiscal year.

About Gates Industrial

Gates Industrial Corporation plc (NYSE: GTES) is a manufacturer of engineered power transmission and fluid power products. The company develops solutions designed to transfer power, control motion, and manage the flow of fluids in industrial and mobile applications.

Its product portfolio includes synchronous and V-belts, belt drives, hoses, hydraulic assemblies, couplings, tensioners, pulleys, and related components. Gates serves original equipment manufacturers, distributors, and aftermarket customers across industries such as automotive, agriculture, construction, energy, manufacturing, and general industrial equipment.

The company traces its roots to the Gates Rubber Company, founded in 1911 in Denver, Colorado.