NYSE:GTES Gates Industrial (GTES) Stock Forecast, Price & News $12.80 -0.10 (-0.78%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$12.71▼$12.8950-Day Range$11.41▼$14.0952-Week Range$9.40▼$14.93Volume747,059 shsAverage Volume1.19 million shsMarket Capitalization$3.61 billionP/E Ratio16.84Dividend YieldN/APrice Target$15.45 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Gates Industrial MarketRank™ ForecastAnalyst RatingHold2.44 Rating ScoreUpside/Downside20.7% Upside$15.45 Price TargetShort InterestHealthy3.28% of Float Sold ShortDividend StrengthN/ASustainability-1.94Upright™ Environmental ScoreNews Sentiment0.30Based on 6 Articles This WeekInsider TradingSelling Shares$545.03 M Sold Last QuarterProj. Earnings Growth14.42%From $1.04 to $1.19 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.1.98 out of 5 starsConstruction Sector65th out of 103 stocksGeneral Industrial Machinery & Equipment Industry8th out of 9 stocks 2.2 Analyst's Opinion Consensus RatingGates Industrial has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.45, Gates Industrial has a forecasted upside of 20.7% from its current price of $12.80.Amount of Analyst CoverageGates Industrial has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.28% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently decreased by 2.02%, indicating that investor sentiment is improving. 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 0.30. 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 0.64 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Gates Industrial this week, compared to 9 articles on an average week.Search Interest1 people have searched for GTES on MarketBeat in the last 30 days. MarketBeat Follows2 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 sold 94,114.32% more of their company's stock than they have bought. Specifically, they have bought $578,500.00 in company stock and sold $545,029,828.00 in company stock.Percentage Held by InsidersOnly 2.30% of the stock of Gates Industrial is held by insiders. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Gates Industrial are expected to grow by 14.42% in the coming year, from $1.04 to $1.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 16.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 16.84, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 14.07.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Gates Industrial (NYSE:GTES) StockGates 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 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 GTES Stock News HeadlinesJune 7, 2023 | msn.comIs the Beer Industry Worth a Billion-Dollar Bet? Bill Gates Thinks SoJune 7, 2023 | msn.comFactory-gate inflation in Romania eases to 11.6% y/y in AprilJune 8, 2023 | Stansberry Research (Ad)Bank Collapse Causes Gold Prices to SoarSilicon Valley Bank was the second-largest bank in American history to fail, and investors have started piling into the safety and security of gold. But if you're not taking advantage of a little-known way to invest for around $5 today, you're missing out.June 7, 2023 | msn.comBill Gates went through hell to defend democracy. Who will take his place?June 6, 2023 | msn.comOfficers play bouncer during several large fights: Gates Mills Police BlotterJune 2, 2023 | americanbankingnews.comGates Industrial Corp PLC (NYSE:GTES) Receives $15.45 Consensus PT from AnalystsMay 29, 2023 | finance.yahoo.comAbort Gate Market Revenue to Record US$ 51.2 Million at a CAGR of 7.5% by 2033: Fact.MR ReportMay 28, 2023 | finance.yahoo.comGates Industrial's Fredrik Eliasson Acquires 237% More StockJune 8, 2023 | UNKNOWN (Ad)The Stock That's Brining Lithium Back To America!The American Energy Crisis Is Very Real And This Stock Is Solving That Problem On U.S SoilMay 28, 2023 | finance.yahoo.comGates Industrial's Fredrik Eliasson Acquires 237% More Stock \May 28, 2023 | americanbankingnews.comGates Industrial Corp PLC (NYSE:GTES) Major Shareholder Sells $545,029,827.60 in StockMay 27, 2023 | msn.comChina Industrial Profits Slide as Weak Demand Weighs on EconomyMay 24, 2023 | americanbankingnews.comGates Industrial (NYSE:GTES) Shares Down 3.2% May 23, 2023 | finance.yahoo.comIs Gates Industrial (GTES) Stock Undervalued Right Now?May 23, 2023 | msn.comWith AI, Bill Gates sees the end of Google Search and AmazonMay 20, 2023 | msn.comRocket Lab soars to top industrial gainer of week, Gates Industrial sees loser tagMay 20, 2023 | americanbankingnews.comGates Industrial (NYSE:GTES) Sees Strong Trading VolumeMay 19, 2023 | americanbankingnews.comGates Industrial (NYSE:GTES) Shares Gap Down to $13.34May 18, 2023 | theguardian.comItaly’s disasters suggest the climate crisis is at the gates of EuropeMay 18, 2023 | finance.yahoo.comGates Industrial (GTES) Loses -9.05% in 4 Weeks, Here's Why a Trend Reversal May be Around the CornerMay 18, 2023 | finance.yahoo.comWhy Gates Industrial Corporation plc (NYSE:GTES) Could Be Worth WatchingMay 18, 2023 | msn.comGates Industrial prices 22.5M secondary offering at $11.75/shareMay 18, 2023 | msn.comGates Industrial Prices Stakeholder Equity Offering At 3% DiscountMay 17, 2023 | finance.yahoo.comGATES Announces PRICING OF Secondary Offering of 22,500,000 Ordinary SharesMay 17, 2023 | seekingalpha.comGates Industrial announces secondary offering of up to 22.5M ordinary sharesMay 17, 2023 | marketwatch.comGlobal Industrial Safety Gates Market 2023-2030 by Size|Precisionreports.coMay 16, 2023 | finance.yahoo.comGATES ANNOUNCES SECONDARY OFFERING OF 22,500,000 ORDINARY SHARESSee More Headlines GTES Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTES Company Calendar Last Earnings5/04/2023Today6/08/2023Next Earnings (Estimated)8/04/2023Fiscal Year End12/31/2023Get 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 Forecast$15.45 High Stock Price Forecast$19.00 Low Stock Price Forecast$13.00 Forecasted Upside/Downside+20.7%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$0.76 Trailing P/E Ratio16.84 Forward P/E Ratio12.31 P/E GrowthN/ANet Income$220.80 million Net Margins6.08% Pretax Margin7.55% Return on Equity8.86% Return on Assets4.18% Debt Debt-to-Equity Ratio0.70 Current Ratio3.19 Quick Ratio2.30 Sales & Book Value Annual Sales$3.56 billion Price / Sales1.02 Cash Flow$1.85 per share Price / Cash Flow6.93 Book Value$12.20 per share Price / Book1.05Miscellaneous Outstanding Shares282,286,000Free Float275,793,000Market Cap$3.61 billion OptionableOptionable Beta1.54 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 CompetitorsArcosaNYSE:ACAInstalled Building ProductsNYSE:IBPPotlatchDelticNASDAQ:PCHTri Pointe HomesNYSE:TPHABM IndustriesNYSE:ABMView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 372,978 shares on 6/1/2023Ownership: 0.093%Prelude Capital Management LLCBought 15,628 shares on 6/1/2023Ownership: 0.014%Fredrik J EliassonBought 50,000 shares on 5/25/2023Total: $578,500.00 ($11.57/share)Blackstone Inc.Sold 47,809,634 sharesTotal: $545.03 M ($11.40/share)Ameriprise Financial Inc.Sold 17,043 shares on 5/22/2023Ownership: 0.171%View All Insider TransactionsView All Institutional Transactions GTES Stock - Frequently Asked Questions Should I buy or sell Gates Industrial stock right now? 9 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 4 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 forecast for 2023? 9 Wall Street research analysts have issued 1-year price targets for Gates Industrial's stock. Their GTES share price forecasts range from $13.00 to $19.00. On average, they anticipate the company's stock price to reach $15.45 in the next year. This suggests a possible upside of 20.7% 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 start of the year. Since then, GTES shares have increased by 12.2% and is now trading at $12.80. 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 April. As of April 30th, there was short interest totaling 3,470,000 shares, an increase of 6.1% from the April 15th total of 3,270,000 shares. Based on an average trading volume of 776,500 shares, the short-interest ratio is currently 4.5 days. Currently, 3.4% of the company's stock are sold short. 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 Friday, August 4th 2023. View our GTES earnings forecast. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) posted its earnings results on Thursday, May, 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm earned $897.70 million during the quarter, compared to analyst estimates of $907.10 million. Gates Industrial had a net margin of 6.08% and a trailing twelve-month return on equity of 8.86%. What ETFs hold Gates Industrial's stock? ETFs with the largest weight of Gates Industrial (NYSE:GTES) stock in their portfolio include Adaptiv Select ETF (ADPV), Dimensional US Small Cap Value ETF (DFSV), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ), Unusual Whales Subversive Republican Trading ETF (KRUZ) and iShares U.S. Industrials ETF (IYJ), What guidance has Gates Industrial issued on next quarter's earnings? Gates Industrial issued an update on its second quarter 2023 earnings guidance on Friday, May, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $915.00 million-$945.00 million, compared to the consensus revenue estimate of $937.95 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 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. What is Gates Industrial's stock symbol? Gates Industrial trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTES." Who are Gates Industrial's major shareholders? Gates Industrial's stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (3.38%), Cooke & Bieler LP (2.35%), Dimensional Fund Advisors LP (2.16%), American Century Companies Inc. (2.03%), Diamond Hill Capital Management Inc. (1.73%) and JPMorgan Chase & Co. (1.61%). 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. What is Gates Industrial's stock price today? One share of GTES stock can currently be purchased for approximately $12.80. How much money does Gates Industrial make? Gates Industrial (NYSE:GTES) has a market capitalization of $3.61 billion and generates $3.56 billion in revenue each year. The company earns $220.80 million in net income (profit) each year or $0.76 on an earnings per share basis. How many employees does Gates Industrial have? The company employs 15,000 workers across the globe. How can I contact Gates Industrial? Gates Industrial's mailing address is 1144 FIFTEENTH STREET, DENVER CO, 80202. The official website for the company is www.gates.com. The company can be reached via phone at 303-744-1911 or via email at investorrelations@gates.com. This page (NYSE:GTES) was last updated on 6/8/2023 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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