Gates Industrial Corporation PLC (NYSE:GTES) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Gates Industrial Corporation PLC (NYSE:GTES) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $31.3636.

A number of equities analysts have commented on the stock. Barclays cut their price objective on shares of Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Robert W. Baird dropped their target price on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Wall Street Zen lowered Gates Industrial from a “buy” rating to a “hold” rating in a research report on Saturday. Wolfe Research reiterated an “outperform” rating and issued a $33.00 price target on shares of Gates Industrial in a research note on Thursday, July 9th. Finally, Morgan Stanley increased their price target on Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th.

Gates Industrial Stock Down 1.2%

Shares of NYSE:GTES opened at $26.56 on Thursday. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 27.67 and a beta of 1.25. The company has a 50 day moving average of $26.52 and a two-hundred day moving average of $25.29. Gates Industrial has a 52-week low of $20.88 and a 52-week high of $29.17. 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 (NYSE:GTES) last posted 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 business had revenue of $851.10 million for 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%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, analysts forecast that Gates Industrial will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gates Industrial

Several institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System increased its stake in shares of Gates Industrial by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 85,748 shares of the company’s stock worth $1,841,000 after buying an additional 479 shares during the last quarter. Xponance LLC boosted its stake in Gates Industrial by 3.7% during the 4th quarter. Xponance LLC now owns 13,792 shares of the company’s stock valued at $296,000 after acquiring an additional 486 shares during the last quarter. Fifth Third Bancorp grew its holdings in Gates Industrial by 46.3% during the 1st quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock worth $37,000 after acquiring an additional 514 shares in the last quarter. Glenmede Investment Management LP grew its holdings in Gates Industrial by 0.9% during the 3rd quarter. Glenmede Investment Management LP now owns 55,047 shares of the company’s stock worth $1,366,000 after acquiring an additional 514 shares in the last quarter. Finally, Lido Advisors LLC increased its position in shares of Gates Industrial by 3.8% in the 4th quarter. Lido Advisors LLC now owns 14,069 shares of the company’s stock worth $302,000 after purchasing an additional 521 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

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.