Paradice Investment Management LLC Increases Position in Gates Industrial Corporation PLC $GTES

Key Points

• Paradice Investment Management LLC increased its stake in Gates Industrial by 8.1% in Q4 to 1,292,301 shares (about $27.75M), making GTES its 10th largest holding; institutional investors now own roughly 98.5% of the stock.
• Analysts hold a consensus "Moderate Buy" on GTES with an average price target of $30.36, though recent notes include both upgrades (UBS, RBC) and downgrades/trimmed ratings (Wall Street Zen, Weiss).
• Gates slightly beat Q results with $0.38 EPS vs. $0.37 expected and $856.2M revenue, set FY2026 guidance of 1.52–1.68 EPS, and the stock trades around $25.52 with a PE of 26.3 and a 52-week range of $17.07–$28.47.

Paradice Investment Management LLC lifted its stake in Gates Industrial Corporation PLC (NYSE:GTES - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,292,301 shares of the company's stock after buying an additional 97,382 shares during the period. Gates Industrial makes up approximately 5.4% of Paradice Investment Management LLC's holdings, making the stock its 10th largest holding. Paradice Investment Management LLC owned about 0.50% of Gates Industrial worth $27,746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of GTES. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Gates Industrial by 18.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,799 shares of the company's stock worth $1,907,000 after acquiring an additional 14,059 shares during the last quarter. Diversified Management Inc. purchased a new position in Gates Industrial in the 4th quarter worth approximately $210,000. Farther Finance Advisors LLC lifted its position in Gates Industrial by 13.6% in the fourth quarter. Farther Finance Advisors LLC now owns 22,402 shares of the company's stock valued at $481,000 after purchasing an additional 2,680 shares during the last quarter. Steph & Co. lifted its position in Gates Industrial by 146.9% in the fourth quarter. Steph & Co. now owns 7,060 shares of the company's stock valued at $152,000 after purchasing an additional 4,200 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Gates Industrial by 17.2% in the fourth quarter. State of Alaska Department of Revenue now owns 220,857 shares of the company's stock valued at $4,741,000 after purchasing an additional 32,419 shares during the last quarter. Institutional investors own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GTES. Wall Street Zen cut shares of Gates Industrial from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 18th. Royal Bank Of Canada reissued an "outperform" rating and set a $31.00 price target on shares of Gates Industrial in a research report on Friday, February 13th. Weiss Ratings lowered shares of Gates Industrial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 1st. Morgan Stanley boosted their price objective on shares of 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, UBS Group reaffirmed a "buy" rating and set a $33.00 price objective on shares of Gates Industrial in a research note on Friday, February 13th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.36.

Gates Industrial Price Performance

GTES opened at $25.52 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.42 and a current ratio of 3.37. The stock has a market capitalization of $6.50 billion, a PE ratio of 26.30 and a beta of 1.28. The stock's 50 day moving average price is $24.80 and its 200-day moving average price is $23.74. Gates Industrial Corporation PLC has a 52-week low of $17.07 and a 52-week high of $28.47.

Gates Industrial (NYSE:GTES - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $856.20 million during the quarter, compared to analyst estimates of $853.35 million. Gates Industrial had a return on equity of 10.36% and a net margin of 7.30%.The firm's revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, equities research analysts predict that Gates Industrial Corporation PLC will post 1.53 EPS for the current year.

Gates Industrial 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.

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