Kennedy Capital Management LLC Has $35.55 Million Stock Position in Gates Industrial Corporation PLC $GTES

Kennedy Capital Management LLC decreased its stake in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 3.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,432,133 shares of the company’s stock after selling 46,334 shares during the period. Gates Industrial accounts for about 0.8% of Kennedy Capital Management LLC’s holdings, making the stock its 8th largest position. Kennedy Capital Management LLC owned about 0.55% of Gates Industrial worth $35,546,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. True Wealth Design LLC lifted its stake in shares of Gates Industrial by 133.2% in the third quarter. True Wealth Design LLC now owns 1,166 shares of the company’s stock worth $29,000 after buying an additional 666 shares during the last quarter. Allworth Financial LP grew its stake in Gates Industrial by 43.0% in the 2nd quarter. Allworth Financial LP now owns 2,096 shares of the company’s stock valued at $48,000 after buying an additional 630 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in Gates Industrial by 5,123.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,985 shares of the company’s stock worth $49,000 after acquiring an additional 1,947 shares during the period. Quent Capital LLC bought a new position in Gates Industrial in the 3rd quarter worth $51,000. Finally, Avanza Fonder AB lifted its position in Gates Industrial by 85.3% during the 3rd quarter. Avanza Fonder AB now owns 2,441 shares of the company’s stock worth $61,000 after acquiring an additional 1,124 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Gates Industrial Price Performance

GTES traded down $0.43 during midday trading on Friday, reaching $22.74. 102,891 shares of the company’s stock were exchanged, compared to its average volume of 2,510,616. The company has a quick ratio of 2.42, a current ratio of 3.37 and a debt-to-equity ratio of 0.61. The business has a 50-day simple moving average of $24.83 and a two-hundred day simple moving average of $24.11. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 23.41 and a beta of 1.23. Gates Industrial Corporation PLC has a one year low of $14.70 and a one year high of $28.47.

Gates Industrial (NYSE:GTES) last issued its earnings results on Thursday, February 12th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $856.20 million during the quarter, compared to analysts’ expectations of $853.35 million. Gates Industrial had a return on equity of 10.36% and a net margin of 7.30%.Gates Industrial’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, research analysts predict that Gates Industrial Corporation PLC will post 1.36 EPS for the current year.

Analyst Upgrades and Downgrades

GTES has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gates Industrial in a research note on Monday, December 29th. Wall Street Zen raised Gates Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Wells Fargo & Company started coverage on Gates Industrial in a report on Thursday, November 13th. They set an “equal weight” rating and a $23.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on Gates Industrial from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Tuesday, December 16th. Finally, UBS Group reaffirmed a “buy” rating and set a $33.00 target price on shares of Gates Industrial in a research report on Friday, February 13th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.73.

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.