Gates Industrial (NYSE:GTES) Director Peifang Zhang Sells 6,000 Shares

Gates Industrial Corporation PLC (NYSE:GTES) Director Peifang Zhang sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $29.56, for a total value of $177,360.00. Following the completion of the transaction, the director directly owned 50,044 shares in the company, valued at $1,479,300.64. The trade was a 10.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Peifang Zhang also recently made the following trade(s):

• On Tuesday, August 4th, Peifang Zhang sold 5,000 shares of Gates Industrial stock. The stock was sold at an average price of $29.76, for a total value of $148,800.00.

Gates Industrial Trading Down 1.9%

GTES stock opened at $29.28 on Thursday. The business has a fifty day moving average price of $26.96 and a 200 day moving average price of $25.55. 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 Corporation PLC has a fifty-two week low of $20.88 and a fifty-two week high of $30.34. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 20.77 and a beta of 1.25.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $941.60 million for the quarter, compared to analyst estimates of $927.28 million. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. Analysts expect that Gates Industrial Corporation PLC will post 1.53 EPS for the current fiscal year.

Analyst Ratings Changes

GTES has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Gates Industrial from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Morgan Stanley increased their price target on shares of Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Citigroup raised their price target on shares of Gates Industrial from $33.00 to $35.00 and gave the company a “buy” rating in a report on Monday. Wolfe Research restated an “outperform” rating and issued a $33.00 price objective on shares of Gates Industrial in a research report on Thursday, July 9th. Finally, KeyCorp upped their price objective on Gates Industrial from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Gates Industrial presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System increased its position in shares of Gates Industrial by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 85,748 shares of the company’s stock valued at $1,841,000 after acquiring an additional 479 shares during the last quarter. Xponance LLC raised its holdings in Gates Industrial by 3.7% during the fourth quarter. Xponance LLC now owns 13,792 shares of the company’s stock worth $296,000 after acquiring an additional 486 shares in the last quarter. Glenmede Investment Management LP boosted its position in Gates Industrial by 0.9% during the third quarter. Glenmede Investment Management LP now owns 55,047 shares of the company’s stock valued at $1,366,000 after purchasing an additional 514 shares during the last quarter. Fifth Third Bancorp boosted its position in Gates Industrial by 46.3% during the first quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock valued at $37,000 after purchasing an additional 514 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in Gates Industrial by 3.8% in the fourth quarter. Lido Advisors LLC now owns 14,069 shares of the company’s stock valued at $302,000 after purchasing an additional 521 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Gates Industrial Company 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.