Gates Industrial Corporation PLC (NYSE:GTES) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Gates Industrial Corporation PLC (NYSE:GTES) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $31.00.

Several analysts recently issued reports on the company. Morgan Stanley upped their target price on Gates Industrial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Barclays dropped their target price on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Weiss Ratings lowered Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. UBS Group reiterated a “buy” rating and set a $33.00 target price on shares of Gates Industrial in a report on Friday, February 13th. Finally, Wall Street Zen lowered Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th.

Gates Industrial Stock Performance

Shares of Gates Industrial stock opened at $25.62 on Wednesday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 26.69 and a beta of 1.27. The stock’s 50-day moving average is $24.80 and its 200-day moving average is $24.01. Gates Industrial has a one year low of $20.88 and a one year high of $28.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 2.66.

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

Institutional Trading of Gates Industrial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Gates Industrial by 5.0% during the third quarter. Vanguard Group Inc. now owns 26,753,365 shares of the company’s stock worth $664,019,000 after buying an additional 1,281,339 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Gates Industrial by 5.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 14,169,457 shares of the company’s stock worth $312,578,000 after buying an additional 717,353 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Gates Industrial by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,546,581 shares of the company’s stock worth $261,040,000 after buying an additional 295,706 shares during the last quarter. JPMorgan Chase & Co. increased its position in Gates Industrial by 98.7% during the fourth quarter. JPMorgan Chase & Co. now owns 8,373,294 shares of the company’s stock worth $179,775,000 after buying an additional 4,158,341 shares during the last quarter. Finally, Invesco Ltd. increased its position in Gates Industrial by 5.9% during the fourth quarter. Invesco Ltd. now owns 8,322,654 shares of the company’s stock worth $178,687,000 after buying an additional 461,160 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

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.