Van Berkom & Associates Inc. Invests $68.61 Million in Gates Industrial Corporation PLC $GTES

Key Points

• Van Berkom & Associates initiated a new stake in Gates Industrial, buying 3,195,822 shares worth about $68.61 million, equal to roughly 1.24% of the company at quarter-end.
• Gates beat Q results on EPS ($0.35 vs. $0.32 expected) while revenue of $851.1M slightly missed estimates, and the company set FY2026 guidance of 1.520–1.680 EPS; analysts carry a consensus "Moderate Buy" rating with a $30.18 target.
• The stock trades around $24.69 with a market cap of $6.29B and a PE of 25.72, a 1-year range of $19.56–$28.47, and about 98.5% institutional ownership.

Van Berkom & Associates Inc. bought a new position in Gates Industrial Corporation PLC (NYSE:GTES - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,195,822 shares of the company's stock, valued at approximately $68,614,000. Van Berkom & Associates Inc. owned about 1.24% of Gates Industrial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its holdings in shares of Gates Industrial by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 85,748 shares of the company's stock worth $1,841,000 after acquiring an additional 479 shares during the last quarter. Glenmede Investment Management LP lifted its holdings in shares of Gates Industrial by 0.9% in the third quarter. Glenmede Investment Management LP now owns 55,047 shares of the company's stock worth $1,366,000 after acquiring an additional 514 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Gates Industrial by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 85,178 shares of the company's stock worth $2,114,000 after acquiring an additional 543 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Gates Industrial by 4.3% in the third quarter. CIBC Asset Management Inc now owns 13,612 shares of the company's stock worth $338,000 after acquiring an additional 565 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Gates Industrial by 1.1% in the 4th quarter. Park Avenue Securities LLC now owns 54,725 shares of the company's stock valued at $1,175,000 after buying an additional 615 shares during the last quarter. Institutional investors own 98.50% of the company's stock.

Gates Industrial Stock Up 2.6%

Shares of NYSE GTES opened at $24.69 on Tuesday. The company has a 50 day simple moving average of $24.57 and a 200 day simple moving average of $23.73. The firm has a market cap of $6.29 billion, a PE ratio of 25.72 and a beta of 1.28. Gates Industrial Corporation PLC has a 1 year low of $19.56 and a 1 year high of $28.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 2.66.

Gates Industrial (NYSE:GTES - Get Free Report) last issued 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 analyst estimates of $859.72 million. Gates Industrial had a net margin of 7.23% and a return on equity of 10.00%. The firm's quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the business earned $0.36 EPS. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, research analysts forecast that Gates Industrial Corporation PLC will post 1.53 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Gates Industrial from $25.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, March 11th. Citigroup raised their price objective on shares of Gates Industrial from $27.00 to $33.00 and gave the company a "buy" rating in a report on Friday, February 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $31.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. UBS Group reiterated a "buy" rating and issued a $33.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Finally, Barclays dropped their price objective on shares of Gates Industrial from $32.00 to $28.00 and set an "overweight" rating for the company in a report on Wednesday, April 1st. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.18.

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.

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