Paradice Investment Management LLC Has $27.75 Million Stock Holdings in Gates Industrial Corporation PLC $GTES

Paradice Investment Management LLC boosted its stake in Gates Industrial Corporation PLC (NYSE:GTES) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,292,301 shares of the company’s stock after buying an additional 97,382 shares during the quarter. Gates Industrial comprises 5.4% of Paradice Investment Management LLC’s holdings, making the stock its 10th largest holding. Paradice Investment Management LLC’s holdings in Gates Industrial were worth $27,746,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GTES. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Gates Industrial by 1.0% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 52,700 shares of the company’s stock worth $1,308,000 after acquiring an additional 500 shares during the period. Glenmede Investment Management LP lifted its stake in shares of Gates Industrial by 0.9% in the 3rd 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 period. Public Employees Retirement System of Ohio boosted its position in shares of Gates Industrial by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 85,178 shares of the company’s stock valued at $2,114,000 after purchasing an additional 543 shares in the last quarter. CIBC Asset Management Inc grew its stake in Gates Industrial by 4.3% in the third quarter. CIBC Asset Management Inc now owns 13,612 shares of the company’s stock worth $338,000 after purchasing an additional 565 shares during the period. Finally, Tectonic Advisors LLC raised its holdings in Gates Industrial by 2.4% in the third quarter. Tectonic Advisors LLC now owns 24,762 shares of the company’s stock worth $615,000 after purchasing an additional 572 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Gates Industrial Price Performance

Shares of NYSE:GTES opened at $25.52 on Friday. The firm’s 50 day moving average price is $24.80 and its 200-day moving average price is $23.74. Gates Industrial Corporation PLC has a twelve month low of $17.07 and a twelve month high of $28.47. 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 stock has a market capitalization of $6.50 billion, a PE ratio of 26.30 and a beta of 1.28.

Gates Industrial (NYSE:GTES) last announced its earnings results on Thursday, February 12th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. The company had revenue of $856.20 million during the quarter, compared to analyst estimates of $853.35 million. During the same period in the previous year, the business posted $0.36 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Equities research analysts expect that Gates Industrial Corporation PLC will post 1.53 EPS for the current year.

Analyst Ratings Changes

GTES has been the subject of a number of recent research reports. Citigroup lifted their price objective on Gates Industrial from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 13th. UBS Group reissued a “buy” rating and set a $33.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Morgan Stanley increased their price objective on shares of Gates Industrial from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Weiss Ratings lowered shares of Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Finally, Wall Street Zen cut Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.36.

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.