Fiduciary Management Inc. WI Cuts Stock Holdings in Gates Industrial Corporation PLC $GTES

Fiduciary Management Inc. WI decreased its holdings in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 6.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,954,532 shares of the company’s stock after selling 449,016 shares during the period. Fiduciary Management Inc. WI owned 2.69% of Gates Industrial worth $149,314,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Gates Industrial in the 4th quarter valued at about $74,843,000. Van Berkom & Associates Inc. bought a new position in shares of Gates Industrial during the 4th quarter worth approximately $68,614,000. Adage Capital Partners GP L.L.C. purchased a new stake in Gates Industrial during the second quarter valued at approximately $32,255,000. Vanguard Group Inc. boosted its stake in Gates Industrial by 5.0% in the third quarter. Vanguard Group Inc. now owns 26,753,365 shares of the company’s stock valued at $664,019,000 after acquiring an additional 1,281,339 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Gates Industrial by 22.3% in the third quarter. Franklin Resources Inc. now owns 6,923,169 shares of the company’s stock valued at $171,833,000 after acquiring an additional 1,261,849 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GTES shares. Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 target price on shares of Gates Industrial in a research note on Friday, February 13th. Barclays lowered their target price on shares of Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Wall Street Zen downgraded shares of Gates Industrial from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Citigroup raised their target price on shares of Gates Industrial from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, UBS Group restated a “buy” rating and issued a $33.00 target price on shares of Gates Industrial in a research note on Friday, February 13th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Gates Industrial Stock Down 1.9%

GTES stock opened at $25.62 on Friday. The firm has a 50 day moving average of $24.80 and a 200 day moving average of $24.00. The stock has a market capitalization of $6.51 billion, a PE ratio of 26.69 and a beta of 1.27. 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 Corporation PLC has a 52 week low of $20.88 and a 52 week high of $28.47.

Gates Industrial (NYSE:GTES) last released its earnings results on Friday, May 1st. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $851.10 million during the quarter, compared to analysts’ expectations of $859.72 million. Gates Industrial had a net margin of 7.23% and a return on equity of 10.00%. Gates Industrial’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Sell-side analysts forecast that Gates Industrial Corporation PLC will post 1.54 earnings per share for the current 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.