New Age Alpha Advisors LLC Lowers Position in Gates Industrial Corporation PLC $GTES

New Age Alpha Advisors LLC lowered its holdings in Gates Industrial Corporation PLC (NYSE:GTES) by 88.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,736 shares of the company’s stock after selling 133,550 shares during the period. New Age Alpha Advisors LLC’s holdings in Gates Industrial were worth $381,000 at the end of the most recent reporting period.

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

Gates Industrial Price Performance

Shares of Gates Industrial stock opened at $25.48 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 2.66. The business’s 50 day simple moving average is $24.40 and its two-hundred day simple moving average is $23.85. The stock has a market capitalization of $6.47 billion, a P/E ratio of 26.54 and a beta of 1.28. Gates Industrial Corporation PLC has a one year low of $20.59 and a one year high of $28.47.

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

Analysts Set New Price Targets

Several analysts have weighed in on GTES shares. Wall Street Zen cut Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Citigroup raised their price target on Gates Industrial from $27.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 13th. UBS Group reaffirmed a “buy” rating and issued a $33.00 price target on shares of Gates Industrial in a report on Friday, February 13th. Weiss Ratings cut Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Finally, 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 report on Wednesday, March 11th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.90.

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.