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

LSV Asset Management trimmed its position in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 28.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,547,162 shares of the company’s stock after selling 1,008,364 shares during the period. LSV Asset Management’s holdings in Gates Industrial were worth $54,688,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Gates Industrial by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 26,753,365 shares of the company’s stock valued at $664,019,000 after buying an additional 1,281,339 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Gates Industrial by 5.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,169,457 shares of the company’s stock valued at $312,578,000 after buying an additional 717,353 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Gates Industrial by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,850,516 shares of the company’s stock valued at $269,308,000 after buying an additional 28,760 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Gates Industrial by 3.0% during the 3rd quarter. Invesco Ltd. now owns 7,861,494 shares of the company’s stock valued at $195,122,000 after buying an additional 226,075 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Gates Industrial by 2.4% during the 2nd quarter. State Street Corp now owns 7,346,884 shares of the company’s stock valued at $169,199,000 after buying an additional 170,597 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Gates Industrial Stock Up 1.8%

Shares of GTES stock opened at $24.50 on Friday. The stock’s 50 day simple moving average is $24.22 and its 200 day simple moving average is $23.74. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.66 and a current ratio of 3.67. Gates Industrial Corporation PLC has a twelve month low of $20.39 and a twelve month high of $28.47. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 25.52 and a beta of 1.28.

Gates Industrial (NYSE:GTES) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.35 earnings per share for the quarter, beating 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 business had revenue of $851.10 million for the quarter, compared to the consensus estimate of $859.72 million. During the same period last year, the business earned $0.36 EPS. The firm’s 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, research analysts predict that Gates Industrial Corporation PLC will post 1.53 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on GTES. Wall Street Zen lowered Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Barclays reduced their price target on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Weiss Ratings lowered Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Morgan Stanley raised their price objective on Gates Industrial from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. Finally, UBS Group reissued a “buy” rating and issued a $33.00 price objective on shares of Gates Industrial in a research note on Friday, February 13th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Gates Industrial has a consensus rating of “Moderate Buy” and an average target price of $30.18.

About Gates Industrial

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.