Gates Industrial Corporation PLC (NYSE:GTES) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Gates Industrial “Moderate Buy.” Nine of 13 analysts recommend buying the stock, while four rate it a hold; the average 12-month price target is $32.45 versus a recent price of $25.68.
• Gates Industrial exceeded quarterly expectations, reporting $0.44 in EPS and $941.6 million in revenue, with revenue up 6.6% year over year. The company issued fiscal 2026 EPS guidance of $1.62–$1.70.
• The stock has recently traded down 2.4%, while institutional investors continue to hold a dominant 98.5% ownership stake; an insider director also sold 6,000 shares at an average price of $29.56.

Gates Industrial Corporation PLC (NYSE:GTES - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $32.4545.

A number of equities research analysts recently issued reports on GTES shares. DA Davidson started coverage on Gates Industrial in a research report on Tuesday, September 1st. They issued a "neutral" rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Gates Industrial from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Wall Street Zen upgraded Gates Industrial from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Wells Fargo & Company raised their price target on Gates Industrial from $26.00 to $30.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Finally, Robert W. Baird lifted their price target on Gates Industrial from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd.

Gates Industrial Trading Down 2.4%

Shares of GTES stock opened at $25.68 on Friday. The company's fifty day simple moving average is $26.73 and its two-hundred day simple moving average is $25.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.24 and a quick ratio of 2.36. Gates Industrial has a 1 year low of $20.88 and a 1 year high of $30.34. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 18.21 and a beta of 1.26.

Gates Industrial (NYSE:GTES - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The firm had revenue of $941.60 million during the quarter, compared to analyst estimates of $927.28 million. During the same period last year, the company earned $0.39 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. As a group, analysts anticipate that Gates Industrial will post 1.57 earnings per share for the current year.

Insider Transactions at Gates Industrial

In other news, Director Peifang Zhang sold 6,000 shares of the 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 transaction, the director directly owned 44,044 shares in the company, valued at approximately $1,301,940.64. This represents a 11.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of Gates Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new position in shares of Gates Industrial during the fourth quarter worth approximately $26,000. Transamerica Financial Advisors LLC boosted its stake in shares of Gates Industrial by 51.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company's stock valued at $34,000 after purchasing an additional 539 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Gates Industrial by 46.3% during the 1st quarter. Fifth Third Bancorp now owns 1,624 shares of the company's stock valued at $37,000 after purchasing an additional 514 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Gates Industrial by 37.7% during the 1st quarter. Parallel Advisors LLC now owns 2,536 shares of the company's stock valued at $57,000 after purchasing an additional 694 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings 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 valued at $67,000 after purchasing an additional 2,131 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

About Gates Industrial

Gates Industrial Corporation plc NYSE: GTES is a global manufacturer of power transmission and fluid power products. The company supplies engineered components used to transfer motion and power, control the flow of fluids, and manage industrial and automotive systems.

Its product portfolio includes synchronous and V-belts, belt drives, hydraulic and industrial hose systems, couplings, tensioners, pulleys, and related replacement and maintenance products. Gates serves original equipment manufacturers and aftermarket customers across industries such as industrial machinery, energy, transportation, agriculture, construction, and automotive.

Gates traces its history to 1911, when Charles Gates acquired a Colorado tire and rubber company.

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