LSV Asset Management Has $54.69 Million Stock Position in Gates Industrial Corporation PLC $GTES

LSV Asset Management decreased its stake in Gates Industrial Corporation PLC (NYSE:GTES) by 28.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,547,162 shares of the company’s stock after selling 1,008,364 shares during the quarter. LSV Asset Management owned 0.99% of Gates Industrial worth $54,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FourThought Financial Partners LLC acquired a new position in shares of Gates Industrial in the 4th quarter valued at $218,000. Global Retirement Partners LLC boosted its position in shares of Gates Industrial by 141.5% in the 4th quarter. Global Retirement Partners LLC now owns 4,675 shares of the company’s stock valued at $100,000 after purchasing an additional 2,739 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Gates Industrial by 16.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,948 shares of the company’s stock valued at $579,000 after purchasing an additional 3,721 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Gates Industrial by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,085 shares of the company’s stock valued at $1,269,000 after purchasing an additional 1,100 shares during the period. Finally, Bailard Inc. acquired a new position in shares of Gates Industrial in the 4th quarter valued at $279,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GTES. UBS Group reiterated a “buy” rating and issued a $33.00 price target on shares of Gates Industrial in a research report on Friday, February 13th. Barclays decreased their price target on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley increased their price target on Gates Industrial from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Weiss Ratings lowered Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Finally, Robert W. Baird decreased their price objective on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.18.

Gates Industrial Trading Up 1.8%

Shares of NYSE GTES opened at $24.50 on Friday. Gates Industrial Corporation PLC has a one year low of $20.39 and a one year high of $28.47. The firm has a market capitalization of $6.22 billion, a PE ratio of 25.52 and a beta of 1.28. The company has a current ratio of 3.67, a quick ratio of 2.66 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $24.22 and a two-hundred day moving average price of $23.74.

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

Gates Industrial Profile

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.