Peifang Zhang Sells 6,000 Shares of Gates Industrial (NYSE:GTES) Stock

Gates Industrial Corporation PLC (NYSE:GTES) Director Peifang Zhang sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $29.56, for a total transaction of $177,360.00. Following the completion of the sale, the director directly owned 50,044 shares in the company, valued at approximately $1,479,300.64. The trade was a 10.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Peifang Zhang also recently made the following trade(s):

• On Tuesday, August 4th, Peifang Zhang sold 5,000 shares of Gates Industrial stock. The shares were sold at an average price of $29.76, for a total transaction of $148,800.00.

Gates Industrial Stock Performance

NYSE GTES opened at $28.65 on Friday. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 20.32 and a beta of 1.25. The company has a 50 day moving average of $27.02 and a 200-day moving average of $25.59. The company has a current ratio of 3.24, a quick ratio of 2.36 and a debt-to-equity ratio of 0.58. Gates Industrial Corporation PLC has a 1-year low of $20.88 and a 1-year high of $30.34.

Gates Industrial (NYSE:GTES) last announced its earnings results on Friday, July 31st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The business had revenue of $941.60 million for the quarter, compared to the consensus estimate of $927.28 million. During the same period in the previous year, the business earned $0.39 EPS. Gates Industrial’s revenue was up 6.6% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, equities analysts forecast that Gates Industrial Corporation PLC will post 1.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on GTES shares. Weiss Ratings raised shares of Gates Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wolfe Research reissued an “outperform” rating and set a $33.00 price target on shares of Gates Industrial in a research note on Thursday, July 9th. Citigroup raised their price target on shares of Gates Industrial from $33.00 to $35.00 and gave the company a “buy” rating in a report on Monday. KeyCorp upped their price objective on Gates Industrial from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Royal Bank Of Canada lifted their target price on Gates Industrial from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Institutional Trading of Gates Industrial

A number of institutional investors have recently bought and sold shares of GTES. Empowered Funds LLC bought a new position in shares of Gates Industrial in the 1st quarter worth $381,000. Creative Planning lifted its stake in Gates Industrial by 53.9% in the second quarter. Creative Planning now owns 15,435 shares of the company’s stock valued at $355,000 after buying an additional 5,404 shares during the period. Prudential Financial Inc. boosted its holdings in Gates Industrial by 52.7% during the second quarter. Prudential Financial Inc. now owns 17,940 shares of the company’s stock worth $389,000 after buying an additional 6,190 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Gates Industrial by 273.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock worth $67,000 after buying an additional 2,131 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Gates Industrial by 8.6% in the 2nd quarter. M&T Bank Corp now owns 11,801 shares of the company’s stock valued at $272,000 after acquiring an additional 937 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

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.