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

Gates Industrial Corporation PLC (NYSE:GTES) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $30.1818.

A number of research analysts have recently commented on the stock. Morgan Stanley boosted their price target 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. Wall Street Zen lowered Gates Industrial from a “strong-buy” rating to a “buy” rating in a research note on Sunday. 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 lowered Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Finally, Citigroup upped their price objective on shares of Gates Industrial from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 13th.

Gates Industrial Trading Down 1.1%

Shares of Gates Industrial stock opened at $25.39 on Friday. The company’s 50-day moving average price is $24.30 and its 200-day moving average price is $23.72. The company has a current ratio of 3.67, a quick ratio of 2.66 and a debt-to-equity ratio of 0.61. Gates Industrial has a 12-month low of $20.39 and a 12-month high of $28.47. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 26.44 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 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Gates Industrial had a net margin of 7.23% and a return on equity of 10.00%. The company had revenue of $851.10 million during the quarter, compared to analysts’ expectations of $859.72 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. Gates Industrial’s revenue for the quarter was up .4% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, equities analysts expect that Gates Industrial will post 1.53 earnings per share for the current fiscal year.

Institutional Trading of Gates Industrial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC purchased a new position in Gates Industrial in the fourth quarter worth $26,000. Transamerica Financial Advisors LLC raised its holdings in shares of Gates Industrial by 51.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after buying an additional 539 shares in the last quarter. Fifth Third Bancorp lifted its position in Gates Industrial by 46.3% in the 1st quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock worth $37,000 after buying an additional 514 shares during the last quarter. Quent Capital LLC purchased a new stake in Gates Industrial in the third quarter worth approximately $51,000. Finally, Parallel Advisors LLC grew its position in Gates Industrial by 37.7% during the first quarter. Parallel Advisors LLC now owns 2,536 shares of the company’s stock valued at $57,000 after acquiring an additional 694 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

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.