Gates Industrial Stock Price, News & Analysis (NYSE:GTES) $12.18 -0.04 (-0.33%) (As of 12/6/2023 ET) Add Compare Share Share Today's Range$12.17▼$12.4650-Day Range$10.76▼$12.6052-Week Range$10.68▼$14.93Volume736,918 shsAverage Volume1.31 million shsMarket Capitalization$3.22 billionP/E Ratio13.38Dividend YieldN/APrice Target$15.39 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Gates Industrial MarketRank™ Stock AnalysisAnalyst RatingHold2.29 Rating ScoreUpside/Downside26.4% Upside$15.39 Price TargetShort InterestHealthy2.86% of Float Sold ShortDividend StrengthN/ASustainability-1.94Upright™ Environmental ScoreNews Sentiment0.31Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth8.40%From $1.19 to $1.29 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.41 out of 5 starsConstruction Sector40th out of 80 stocksGeneral Industrial Machinery & Equipment Industry4th out of 7 stocks 3.1 Analyst's Opinion Consensus RatingGates Industrial has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.39, Gates Industrial has a forecasted upside of 26.4% from its current price of $12.18.Amount of Analyst CoverageGates Industrial has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.86% of the float of Gates Industrial has been sold short.Short Interest Ratio / Days to CoverGates Industrial has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently increased by 49.30%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldGates Industrial does not currently pay a dividend.Dividend GrowthGates Industrial does not have a long track record of dividend growth. Previous Next 1.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGates Industrial has received a -31.34% net impact score from Upright. The largest negative impact of Gates Industrial in category "GHG emissions" seems to be driven mostly by its "Belt drives", "Couplings", and "Rubber hoses" products. See details.Environmental SustainabilityThe Environmental Impact score for Gates Industrial is -1.94. Previous Next 2.4 News and Social Media Coverage News SentimentGates Industrial has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Gates Industrial this week, compared to 9 articles on an average week.Search Interest2 people have searched for GTES on MarketBeat in the last 30 days. MarketBeat Follows5 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gates Industrial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.30% of the stock of Gates Industrial is held by insiders.Percentage Held by Institutions98.50% of the stock of Gates Industrial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Gates Industrial are expected to grow by 8.40% in the coming year, from $1.19 to $1.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 13.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.77.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 13.38, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 15.20.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Gates Industrial Stock (NYSE:GTES)Gates Industrial Corporation PLC designs and manufactures power transmission equipment. Its products serves harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation.Read More GTES Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTES Stock News HeadlinesDecember 5, 2023 | news.yahoo.comWatch Again: Bill Gates talks about climate and growth during Paris summitDecember 5, 2023 | msn.comWatch Live: Bill Gates talks about climate and growth during Paris summitDecember 7, 2023 | Edge On The Street (Ad)Energy Storage Trend Ignites Frenzy Over Vanadium SupplyAs the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.December 4, 2023 | fortune.comBill Gates doubts the world will hit climate targets and calls for a carbon tax to hit the dirty energy sectorDecember 3, 2023 | uk.finance.yahoo.comBill Gates Says Chances of Meeting 2C Warming Goal Fading FastDecember 1, 2023 | finance.yahoo.comWall Street Analysts Believe Gates Industrial (GTES) Could Rally 28.79%: Here's is How to TradeDecember 1, 2023 | msn.comBill Gates Issues Warning On Approaching Critical Global Warming Threshold At COP28November 30, 2023 | finance.yahoo.comOne Gates Industrial Insider Raised Their Stake In The Previous YearDecember 7, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 29, 2023 | bizjournals.comMolbak's says Gates group forcing garden store out of big Woodinville redevelopmentNovember 29, 2023 | yahoo.comDriveway Gate Cost Factors, ExplainedNovember 29, 2023 | finance.yahoo.comAre Investors Undervaluing Gates Industrial (GTES) Right Now?November 29, 2023 | msn.comChargers great Antonio Gates named semifinalist for 2024 Pro Football Hall of Fame classNovember 28, 2023 | bbc.comNottingham: Rare chance to see drained lock as gates replacedNovember 27, 2023 | msn.comBill Gates lays out a bold path to a 3-day workweekNovember 24, 2023 | msn.comBill Gates: AI progress could lead to three-day work weekNovember 24, 2023 | msn.comBill Gates says AI could make three-day work week possibleNovember 24, 2023 | sports.yahoo.comBill Gates claims AI could lead to three-day working weekNovember 23, 2023 | morningstar.comGates Industrial Corp PLC GTESNovember 23, 2023 | msn.comBill Gates believes 3-day work week possible with artificial intelligenceNovember 22, 2023 | msn.comBill Gates says a 3-day work week where 'machines can make all the food and stuff' isn't a bad ideaNovember 21, 2023 | time.comThe 3 Best Books Bill Gates Read in 2023November 20, 2023 | finance.yahoo.comOTIS Benefits From R&D Investments, Solid Backlog LevelNovember 18, 2023 | insidermonkey.comBill Gates Portfolio: November 2023 Update – Top 5 StocksNovember 16, 2023 | finance.yahoo.comSlowing Rates Of Return At Gates Industrial (NYSE:GTES) Leave Little Room For ExcitementNovember 15, 2023 | msn.comNairobi Gate Opens 1st Special Economic Zone With Gazetted Customs Control AreaNovember 15, 2023 | finance.yahoo.comGates Industrial (GTES) Is Attractively Priced Despite Fast-paced MomentumSee More Headlines Receive GTES Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gates Industrial and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/03/2023Today12/06/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/08/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry General industrial machinery & equipment Sub-IndustryN/A SectorConstruction Current SymbolNYSE:GTES CUSIPN/A CIK1718512 Webwww.gates.com Phone303-744-1911FaxN/AEmployees15,000Year FoundedN/APrice Target and Rating Average Stock Price Target$15.39 High Stock Price Target$19.00 Low Stock Price Target$14.00 Potential Upside/Downside+26.4%Consensus RatingHold Rating Score (0-4)2.29 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio13.38 Forward P/E Ratio10.23 P/E GrowthN/ANet Income$220.80 million Net Margins7.08% Pretax Margin8.26% Return on Equity9.20% Return on Assets4.40% Debt Debt-to-Equity Ratio0.73 Current Ratio2.97 Quick Ratio2.14 Sales & Book Value Annual Sales$3.55 billion Price / Sales0.90 Cash Flow$1.75 per share Price / Cash Flow6.96 Book Value$12.20 per share Price / Book1.00Miscellaneous Outstanding Shares264,110,000Free Float258,034,000Market Cap$3.22 billion OptionableOptionable Beta1.51 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesDavid L. Calhoun (Age 60)Chairman of the Board Ivo Jurek (Age 53)Chief Executive Officer, Director David H. Naemura (Age 48)Chief Financial Officer Walter T. Lifsey (Age 59)Chief Operating Officer Jamey S. Seely (Age 46)Executive Vice President, General Counsel, Corporate Secretary Roger C. Gaston (Age 61)Executive Vice President of Human Resources Gregory F. Kirchhoff (Age 59)Senior Vice President - Corporate Controller John C. Plant (Age 64)Director Julia C. Kahr (Age 39)Independent Director Terry A. Klebe (Age 62)Independent Director More ExecutivesKey CompetitorsDycom IndustriesNYSE:DYM/I HomesNYSE:MHOKnife RiverNYSE:KNFM.D.C.NYSE:MDCTri Pointe HomesNYSE:TPHView All CompetitorsInsiders & InstitutionsCitigroup Inc.Bought 57,578 shares on 12/6/2023Ownership: 0.049%American Century Companies Inc.Bought 620,131 shares on 11/30/2023Ownership: 2.879%Deutsche Bank AGSold 105,711 shares on 11/24/2023Ownership: 0.004%Graham Capital Management L.P.Bought 111,250 shares on 11/22/2023Ownership: 0.083%Auxier Asset ManagementBought 17,000 shares on 11/21/2023Ownership: 0.066%View All Insider TransactionsView All Institutional Transactions GTES Stock Analysis - Frequently Asked Questions Should I buy or sell Gates Industrial stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GTES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GTES, but not buy additional shares or sell existing shares. View GTES analyst ratings or view top-rated stocks. What is Gates Industrial's stock price target for 2024? 7 equities research analysts have issued 12 month price targets for Gates Industrial's shares. Their GTES share price targets range from $14.00 to $19.00. On average, they expect the company's share price to reach $15.39 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price. View analysts price targets for GTES or view top-rated stocks among Wall Street analysts. How have GTES shares performed in 2023? Gates Industrial's stock was trading at $11.41 at the beginning of 2023. Since then, GTES stock has increased by 6.7% and is now trading at $12.1750. View the best growth stocks for 2023 here. Are investors shorting Gates Industrial? Gates Industrial saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 4,270,000 shares, an increase of 49.3% from the October 31st total of 2,860,000 shares. Based on an average trading volume of 1,450,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.9% of the company's shares are short sold. View Gates Industrial's Short Interest. When is Gates Industrial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024. View our GTES earnings forecast. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) issued its quarterly earnings data on Friday, November, 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $872.90 million for the quarter, compared to analyst estimates of $883.50 million. Gates Industrial had a net margin of 7.08% and a trailing twelve-month return on equity of 9.20%. What ETF holds Gates Industrial's stock ? Adaptiv Select ETF holds 132,771 shares of GTES stock, representing 3.28% of its portfolio. What guidance has Gates Industrial issued on next quarter's earnings? Gates Industrial issued an update on its fourth quarter 2023 earnings guidance on Monday, November, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $855.00 million-$885.00 million, compared to the consensus revenue estimate of $885.56 million. What is Ivo Jurek's approval rating as Gates Industrial's CEO? 108 employees have rated Gates Industrial Chief Executive Officer Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among the company's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Gates Industrial own? Based on aggregate information from My MarketBeat watchlists, some companies that other Gates Industrial investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), B2Gold (BTG), Novavax (NVAX), Intel (INTC), Pure Storage (PSTG) and Boeing (BA). When did Gates Industrial IPO? (GTES) raised $751 million in an initial public offering (IPO) on Thursday, January 25th 2018. The company issued 38,500,000 shares at a price of $18.00-$21.00 per share. Citigroup, Morgan Stanley and UBS Investment Bank acted as the underwriters for the IPO and Barclays, Credit Suisse, Goldman Sachs, RBC Capital Markets, Blackstone Capital Markets, Deutsche Bank Securities, Wells Fargo Securities Current Capital Securities, KeyBanc Capital Markets, Siebert Cisneros Shank, SunTrust Robinson Humphrey, Academy Securities, BTIG and Guggenheim Securities were co-managers. Who are Gates Industrial's major shareholders? Gates Industrial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Blackstone Inc. (42.99%), Allspring Global Investments Holdings LLC (3.64%), American Century Companies Inc. (2.88%), AQR Capital Management LLC (2.67%), Diamond Hill Capital Management Inc. (1.86%) and FMR LLC (1.21%). Insiders that own company stock include Aggregator (Cayman) LP Omaha, Blackstone Inc and Fredrik J Eliasson. View institutional ownership trends. How do I buy shares of Gates Industrial? Shares of GTES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NYSE:GTES) was last updated on 12/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Gates Industrial Corp PLC Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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