Gates Industrial Corporation PLC $GTES Shares Acquired by EVR Research LP

EVR Research LP increased its position in Gates Industrial Corporation PLC (NYSE:GTES) by 240.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 170,000 shares of the company’s stock after purchasing an additional 120,000 shares during the period. Gates Industrial accounts for about 2.0% of EVR Research LP’s investment portfolio, making the stock its 19th biggest holding. EVR Research LP owned about 0.07% of Gates Industrial worth $3,650,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in Gates Industrial in the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC grew its stake in Gates Industrial by 51.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock worth $34,000 after purchasing an additional 539 shares in the last quarter. Assetmark Inc. grew its stake in Gates Industrial by 38.1% in the third quarter. Assetmark Inc. now owns 2,448 shares of the company’s stock worth $61,000 after purchasing an additional 676 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Gates Industrial in the third quarter worth about $65,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Gates Industrial by 273.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock worth $67,000 after purchasing an additional 2,131 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Gates Industrial Stock Performance

Shares of GTES stock opened at $27.38 on Thursday. The company has a quick ratio of 2.66, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $25.53 and a two-hundred day moving average of $24.29. Gates Industrial Corporation PLC has a 52 week low of $20.88 and a 52 week high of $28.59. The company has a market cap of $6.95 billion, a P/E ratio of 28.52 and a beta of 1.27.

Gates Industrial (NYSE:GTES) last issued its earnings results on Friday, May 1st. The company reported $0.35 EPS 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 company had revenue of $851.10 million during the quarter, compared to the consensus estimate of $859.72 million. During the same period in the previous year, the firm posted $0.36 earnings per share. Gates Industrial’s quarterly 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, analysts anticipate that Gates Industrial Corporation PLC will post 1.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on GTES shares. Barclays decreased their price target on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings downgraded Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Robert W. Baird decreased their target price on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Morgan Stanley lifted their target price on Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded Gates Industrial from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.00.

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.