Gates Industrial Corporation PLC (NYSE:GTES) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Gates Industrial Corporation PLC (NYSE:GTES) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $31.3636.

Several research firms have weighed in on GTES. Morgan Stanley raised their price target on Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Wolfe Research reaffirmed an “outperform” rating and set a $33.00 price objective on shares of Gates Industrial in a report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gates Industrial in a research report on Monday, June 29th. Robert W. Baird cut their target price on shares of Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price target on shares of Gates Industrial from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th.

Institutional Trading of Gates Industrial

A number of large investors have recently made changes to their positions in GTES. Los Angeles Capital Management LLC purchased a new stake in shares of Gates Industrial during the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC lifted its holdings in shares of Gates Industrial by 51.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after acquiring an additional 539 shares during the last quarter. Fifth Third Bancorp grew its position in Gates Industrial by 46.3% in the first quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock worth $37,000 after acquiring an additional 514 shares in the last quarter. Parallel Advisors LLC grew its position in Gates Industrial by 37.7% in the first quarter. Parallel Advisors LLC now owns 2,536 shares of the company’s stock worth $57,000 after acquiring an additional 694 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Gates Industrial by 273.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock worth $67,000 after acquiring an additional 2,131 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Gates Industrial Stock Up 1.1%

Shares of GTES stock opened at $27.35 on Thursday. The company’s fifty day simple moving average is $26.39 and its two-hundred day simple moving average is $25.20. Gates Industrial has a 52 week low of $20.88 and a 52 week high of $29.17. The stock has a market cap of $6.95 billion, a P/E ratio of 28.49 and a beta of 1.25. The company has a quick ratio of 2.66, a current ratio of 3.67 and a debt-to-equity ratio of 0.61.

Gates Industrial (NYSE:GTES) last issued its earnings results on Friday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm 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 revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Analysts predict that Gates Industrial will post 1.53 EPS for the current fiscal year.

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.