Vanguard Group Inc. Sells 250,071 Shares of Gates Industrial Corporation PLC $GTES

Key Points

• Vanguard Group trimmed its stake in Gates Industrial by 0.9%, selling 250,071 shares in Q4 and still holds 26,503,294 shares (10.26% of the company) valued at $569,026,000.
• Wall Street consensus is a Moderate Buy, with seven Buy and five Hold ratings and a consensus target price of $30.18.
• Gates reported Q1 EPS of $0.35, beating estimates while revenue of $851.1M slightly missed, and set FY2026 guidance of 1.520–1.680 EPS.

Vanguard Group Inc. trimmed its holdings in shares of Gates Industrial Corporation PLC (NYSE:GTES - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,503,294 shares of the company's stock after selling 250,071 shares during the period. Vanguard Group Inc. owned 10.26% of Gates Industrial worth $569,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Glenmede Investment Management LP grew its holdings in Gates Industrial by 0.9% during the third quarter. Glenmede Investment Management LP now owns 55,047 shares of the company's stock valued at $1,366,000 after purchasing an additional 514 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Gates Industrial by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 85,178 shares of the company's stock valued at $2,114,000 after purchasing an additional 543 shares during the period. CIBC Asset Management Inc grew its holdings in Gates Industrial by 4.3% during the third quarter. CIBC Asset Management Inc now owns 13,612 shares of the company's stock valued at $338,000 after purchasing an additional 565 shares during the period. Park Avenue Securities LLC grew its holdings in Gates Industrial by 1.1% during the fourth quarter. Park Avenue Securities LLC now owns 54,725 shares of the company's stock valued at $1,175,000 after purchasing an additional 615 shares during the period. Finally, True Wealth Design LLC grew its holdings in Gates Industrial by 133.2% during the third quarter. True Wealth Design LLC now owns 1,166 shares of the company's stock valued at $29,000 after purchasing an additional 666 shares during the period. 98.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GTES shares. UBS Group restated a "buy" rating and set a $33.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Weiss Ratings cut shares of Gates Industrial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 1st. Wall Street Zen upgraded shares of Gates Industrial from a "buy" rating to a "strong-buy" rating in a report on Saturday. Citigroup upped their price target on shares of Gates Industrial from $27.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. Finally, Robert W. Baird dropped their price target on shares of Gates Industrial from $39.00 to $37.00 and set an "outperform" rating on the stock in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.18.

Gates Industrial Price Performance

NYSE:GTES opened at $24.69 on Tuesday. Gates Industrial Corporation PLC has a 52 week low of $19.56 and a 52 week high of $28.47. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 25.72 and a beta of 1.28. The firm's 50-day simple moving average is $24.57 and its 200 day simple moving average is $23.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.66 and a current ratio of 3.67.

Gates Industrial (NYSE:GTES - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. Gates Industrial had a net margin of 7.23% and a return on equity of 10.00%. The business had revenue of $851.10 million for the quarter, compared to analyst estimates of $859.72 million. During the same period last year, the firm earned $0.36 earnings per share. Gates Industrial's revenue for the quarter was up .4% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, sell-side analysts predict that Gates Industrial Corporation PLC will post 1.53 earnings per share for the current year.

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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