Penn Capital Management Company LLC Grows Stake in Gates Industrial Corporation PLC $GTES

Penn Capital Management Company LLC boosted its position in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 654,191 shares of the company’s stock after purchasing an additional 44,951 shares during the quarter. Penn Capital Management Company LLC owned about 0.25% of Gates Industrial worth $14,084,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in Gates Industrial by 38.1% during the 3rd quarter. Assetmark Inc. now owns 2,448 shares of the company’s stock worth $61,000 after purchasing an additional 676 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Gates Industrial during the 3rd quarter worth $65,000. Northwestern Mutual Wealth Management Co. increased its holdings in Gates Industrial by 273.2% during the 2nd 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 during the period. Quadrant Capital Group LLC purchased a new position in Gates Industrial during the 3rd quarter worth $73,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Gates Industrial by 1,976.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,970 shares of the company’s stock worth $68,000 after purchasing an additional 2,827 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Gates Industrial Stock Up 3.4%

Shares of NYSE GTES opened at $25.31 on Wednesday. The company has a current ratio of 3.67, a quick ratio of 2.66 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $6.43 billion, a PE ratio of 26.36 and a beta of 1.28. The stock’s fifty day simple moving average is $24.30 and its two-hundred day simple moving average is $23.80. Gates Industrial Corporation PLC has a 12-month low of $20.59 and a 12-month high of $28.47.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $851.10 million during 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 quarter last year, the firm earned $0.36 EPS. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, analysts expect that Gates Industrial Corporation PLC will post 1.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on GTES shares. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Wall Street Zen downgraded Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Morgan Stanley raised their price objective on Gates Industrial from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 11th. UBS Group restated a “buy” rating and set a $33.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Finally, Weiss Ratings downgraded Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.90.

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.