Gates Industrial Corporation PLC (NYSE:GTES) Receives $31.00 Consensus PT from Brokerages

Gates Industrial Corporation PLC (NYSE:GTES) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $31.00.

GTES has been the subject of a number of analyst reports. Barclays decreased 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 Gates Industrial from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Morgan Stanley raised their price objective on Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Robert W. Baird lowered their price objective on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gates Industrial in a report on Monday.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GTES. Allspring Global Investments Holdings LLC lifted its position in Gates Industrial by 5.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,169,457 shares of the company’s stock valued at $312,578,000 after acquiring an additional 717,353 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Gates Industrial by 1.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,154,140 shares of the company’s stock worth $78,286,000 after purchasing an additional 44,987 shares in the last quarter. Paradice Investment Management LLC increased its holdings in shares of Gates Industrial by 8.1% in the 4th quarter. Paradice Investment Management LLC now owns 1,292,301 shares of the company’s stock worth $27,746,000 after purchasing an additional 97,382 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Gates Industrial in the third quarter worth $1,191,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of Gates Industrial in the third quarter worth $15,162,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Gates Industrial Stock Performance

Shares of Gates Industrial stock opened at $26.73 on Friday. Gates Industrial has a 12 month low of $20.88 and a 12 month high of $29.17. The firm has a market capitalization of $6.79 billion, a P/E ratio of 27.84 and a beta of 1.25. 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 business has a fifty day simple moving average of $26.13 and a two-hundred day simple moving average of $24.74.

Gates Industrial (NYSE:GTES) last issued its quarterly 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 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 analyst estimates of $859.72 million. During the same period last year, the business earned $0.36 EPS. Gates Industrial’s quarterly revenue was up .4% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, equities analysts forecast that Gates Industrial will post 1.55 earnings per share for the current fiscal year.

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.