New Age Alpha Advisors LLC Decreases Stake in Gates Industrial Corporation PLC $GTES

New Age Alpha Advisors LLC reduced its holdings in Gates Industrial Corporation PLC (NYSE:GTES) by 88.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,736 shares of the company’s stock after selling 133,550 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Gates Industrial were worth $381,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH bought a new stake in shares of Gates Industrial in the 3rd quarter worth approximately $2,033,000. Caprock Group LLC bought a new stake in shares of Gates Industrial during the third quarter valued at approximately $1,695,000. New York State Common Retirement Fund boosted its position in shares of Gates Industrial by 33.4% during the third quarter. New York State Common Retirement Fund now owns 1,381,075 shares of the company’s stock valued at $34,278,000 after purchasing an additional 345,552 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Gates Industrial by 61.4% during the third quarter. Handelsbanken Fonder AB now owns 2,182,100 shares of the company’s stock valued at $54,160,000 after purchasing an additional 830,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Gates Industrial by 5.0% during the third quarter. Vanguard Group Inc. now owns 26,753,365 shares of the company’s stock valued at $664,019,000 after purchasing an additional 1,281,339 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Gates Industrial Stock Down 0.9%

Shares of NYSE:GTES opened at $25.48 on Friday. The stock has a fifty day simple moving average of $24.40 and a two-hundred day simple moving average of $23.85. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 26.54 and a beta of 1.28. Gates Industrial Corporation PLC has a 12-month low of $20.59 and a 12-month high of $28.47. The company has a current ratio of 3.67, a quick ratio of 2.66 and a debt-to-equity ratio of 0.61.

Gates Industrial (NYSE:GTES) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business 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 firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, research analysts anticipate that Gates Industrial Corporation PLC will post 1.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GTES has been the topic of several research reports. Wall Street Zen lowered Gates Industrial from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings lowered Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price target on shares of Gates Industrial in a research report on Friday, February 13th. Morgan Stanley lifted their price target on Gates Industrial from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Robert W. Baird dropped their price target 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. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Gates Industrial currently has a consensus rating of “Moderate Buy” and an average target price of $30.90.

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.