NYSE:GTES Gates Industrial (GTES) Stock Forecast, Price & News $11.56 -0.05 (-0.43%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$11.53▼$11.6650-Day Range$11.47▼$13.6752-Week Range$9.40▼$14.93Volume793,939 shsAverage Volume1.47 million shsMarket Capitalization$3.05 billionP/E Ratio14.45Dividend YieldN/APrice Target$15.15 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Gates Industrial MarketRank™ ForecastAnalyst RatingHold2.38 Rating ScoreUpside/Downside31.1% Upside$15.15 Price TargetShort InterestHealthy1.12% of Float Sold ShortDividend StrengthN/ASustainability-1.94Upright™ Environmental ScoreNews Sentiment0.21Based on 8 Articles This WeekInsider TradingSelling Shares$199.58 M Sold Last QuarterProj. Earnings Growth7.21%From $1.11 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.2.45 out of 5 starsConstruction Sector50th out of 96 stocksGeneral Industrial Machinery & Equipment Industry2nd out of 7 stocks 3.2 Analyst's Opinion Consensus RatingGates Industrial has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.15, Gates Industrial has a forecasted upside of 31.1% from its current price of $11.56.Amount of Analyst CoverageGates Industrial has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.12% 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 1.3, 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 41.94%, 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 1.8 News and Social Media Coverage News SentimentGates Industrial has a news sentiment score of 0.21. 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 0.67 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Gates Industrial this week, compared to 9 articles on an average week.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 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gates Industrial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $199,582,500.00 in 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 7.21% in the coming year, from $1.11 to $1.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 14.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.74.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 14.45, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 15.42.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 0.95. 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 (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 GTES Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTES Stock News HeadlinesSeptember 23, 2023 | msn.com‘Humanity has opened the gates to hell’ warns UN Secretary GeneralSeptember 22, 2023 | msn.comWestgate Check Mates: McDonald's in Gates honors loyal chess-playing customersSeptember 24, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.September 22, 2023 | msn.comBill Gates: 'Republicans for climate change action are gold'September 21, 2023 | cbsnews.comUN chief warns of 'gates to hell' in climate summit, but carbon polluting nations stay silentSeptember 20, 2023 | abcnews.go.comUN chief warns of 'gates of hell' in climate summit, but carbon polluting nations stay silentSeptember 20, 2023 | sfgate.comGates Foundation commits $200 million to pay for medical supplies, contraceptionSeptember 20, 2023 | msn.comPrince William, billionaires Gates and Bloomberg say innovation provides climate hopeSeptember 24, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.September 13, 2023 | msn.comSolutions to health, climate problems need to be low-cost: Bill GatesSeptember 12, 2023 | msn.comBill Gates-Backed Green Battery Startup Pilots Experimental System to Power IndustrySeptember 10, 2023 | msn.comBaldur's Gate 3 DLC should take inspiration from my most embarrassing deathSeptember 5, 2023 | finance.yahoo.comTC Latin America Partners and REI, integrate as "Industrial Gate," to lead the nearshoring boom in MexicoSeptember 4, 2023 | theglobeandmail.comClosing Bell: Bristol Gate Conc US Eqty ETF USD up on Wednesday (BGU-U)September 4, 2023 | forbes.comChinese ‘Gate-Crashers’ Reportedly Trespassed Into U.S. Military Sites And Secured Facilities Multiple TimesSeptember 2, 2023 | ca.finance.yahoo.comA Newly Discovered Ancient Gate Means Urbanization Started Earlier Than We ThoughtSeptember 1, 2023 | fool.comGates Industrial Plc (NYSE: GTES)September 1, 2023 | finance.yahoo.comGates Industrial to Participate in Morgan Stanley's 11th Annual Laguna ConferenceSeptember 1, 2023 | msn.comItaly's industrial producer prices down for seventh month in a rowAugust 31, 2023 | sfgate.comFrom the Mark Twain House to the Old New-Gate Prison, you can find these National Historic Landmarks in Hartford CountyAugust 31, 2023 | finance.yahoo.comGates Industrial to Participate in the 2023 RBC Capital Markets Global Industrials ConferenceAugust 29, 2023 | bizjournals.comDeveloper gets $8M permit for Perimeter West Industrial Park Building 3August 28, 2023 | forbes.comElon Musk And Bill Gates Describe The Electric Grid Of The Future—But Is It Achievable?August 25, 2023 | theglobeandmail.comClosing Bell: Bristol Gate Concentrated CDN Eqty ETF up on Thursday (BGC)August 23, 2023 | msn.comIsrael: 5,500-year-old gate dating back to early bronze age, discovered!August 23, 2023 | seekingalpha.comGTES Gates Industrial Corporation plcAugust 22, 2023 | bizjournals.comDiageo North America selling off 45 acres surrounding Guinness Open Gate BrewerySee 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 GTES Company Calendar Last Earnings8/04/2023Today9/24/2023Next Earnings (Estimated)11/03/2023Fiscal 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$15.15 High Stock Price Forecast$19.00 Low Stock Price Forecast$13.00 Forecasted Upside/Downside+31.1%Consensus RatingHold Rating Score (0-4)2.38 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$0.80 Trailing P/E Ratio14.45 Forward P/E Ratio10.41 P/E GrowthN/ANet Income$220.80 million Net Margins6.36% Pretax Margin7.75% Return on Equity9.07% Return on Assets4.29% Debt Debt-to-Equity Ratio0.77 Current Ratio2.97 Quick Ratio2.17 Sales & Book Value Annual Sales$3.55 billion Price / Sales0.86 Cash Flow$1.81 per share Price / Cash Flow6.38 Book Value$12.20 per share Price / Book0.95Miscellaneous Outstanding Shares264,090,000Free Float258,012,000Market Cap$3.05 billion OptionableOptionable Beta1.56 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.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 CompetitorsM.D.C.NYSE:MDCArmstrong World IndustriesNYSE:AWIDycom IndustriesNYSE:DYKnife RiverNYSE:KNFABM IndustriesNYSE:ABMView All CompetitorsInsiders & InstitutionsBarclays PLCBought 153,465 shares on 9/21/2023Ownership: 0.064%Virginia Retirement Systems ET ALBought 12,900 shares on 8/22/2023Ownership: 0.005%California State Teachers Retirement SystemBought 11,977 shares on 8/21/2023Ownership: 0.053%Osaic Holdings Inc.Sold 34,451 shares on 8/21/2023Ownership: 0.018%Legato Capital Management LLCBought 38,212 shares on 8/18/2023Ownership: 0.014%View All Insider TransactionsView All Institutional Transactions GTES Stock - Frequently Asked Questions Should I buy or sell Gates Industrial stock right now? 8 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 3 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? 8 Wall Street analysts have issued twelve-month price objectives for Gates Industrial's stock. Their GTES share price forecasts range from $13.00 to $19.00. On average, they expect the company's share price to reach $15.15 in the next twelve months. This suggests a possible upside of 31.1% 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 on January 1st, 2023. Since then, GTES shares have increased by 1.3% and is now trading at $11.56. View the best growth stocks for 2023 here. Are investors shorting Gates Industrial? Gates Industrial saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,760,000 shares, an increase of 41.9% from the August 15th total of 1,240,000 shares. Based on an average daily volume of 1,360,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.1% 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 Friday, November 3rd 2023. View our GTES earnings forecast. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) announced its quarterly earnings results on Friday, August, 4th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $936.30 million for the quarter, compared to analysts' expectations of $935.63 million. Gates Industrial had a trailing twelve-month return on equity of 9.07% and a net margin of 6.36%. 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 updated its FY 2023 earnings guidance on Monday, August, 7th. The company provided EPS guidance of $1.18-$1.24 for the period, compared to the consensus estimate of $1.19. The company issued revenue guidance of $3.74 billion-$3.81 billion, compared to the consensus revenue estimate of $3.64 billion. 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 $18.00-$21.00 per share. Citigroup, Morgan Stanley and UBS Investment Bank served 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 retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (3.38%), Dimensional Fund Advisors LP (2.77%), Cooke & Bieler LP (2.31%), BlackRock Inc. (1.85%), Diamond Hill Capital Management Inc. (1.72%) and JPMorgan Chase & Co. (1.78%). 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 $11.56. How much money does Gates Industrial make? Gates Industrial (NYSE:GTES) has a market capitalization of $3.05 billion and generates $3.55 billion in revenue each year. The company earns $220.80 million in net income (profit) each year or $0.80 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 9/24/2023 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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