NYSE:GTES Gates Industrial (GTES) Stock Price, News & Analysis → Don’t Miss Out on the AI Gold Rush That’s Just Getting Started (From Banyan Hill Publishing) (Ad) Free GTES Stock Alerts $17.18 -0.02 (-0.12%) (As of 04/22/2024 ET) Add Compare Share Share Today's Range$17.16▼$17.3850-Day Range$12.77▼$17.7452-Week Range$10.68▼$17.86Volume1.99 million shsAverage Volume2.03 million shsMarket Capitalization$4.54 billionP/E Ratio20.21Dividend YieldN/APrice Target$18.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Gates Industrial alerts: Email Address Gates Industrial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside4.8% Upside$18.00 Price TargetShort InterestHealthy4.10% of Float Sold ShortDividend StrengthN/ASustainability-1.94Upright™ Environmental ScoreNews Sentiment0.62Based on 11 Articles This WeekInsider TradingSelling Shares$292.28 M Sold Last QuarterProj. Earnings Growth18.94%From $1.32 to $1.57 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.81 out of 5 starsConstruction Sector34th out of 99 stocksGeneral Industrial Machinery & Equipment Industry2nd out of 8 stocks 2.3 Analyst's Opinion Consensus RatingGates Industrial has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageGates Industrial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.10% 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 2.6, 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 7.31%, 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 2.0 News and Social Media Coverage News SentimentGates Industrial has a news sentiment score of 0.62. 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 news sentiment score is similar to the average news sentiment of Construction companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Gates Industrial this week, compared to 8 articles on an average week.Search InterestOnly 2 people have searched for GTES on MarketBeat in the last 30 days. This is a decrease of -78% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gates Industrial insiders have sold 2,222.96% more of their company's stock than they have bought. Specifically, they have bought $12,582,402.00 in company stock and sold $292,284,244.00 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Gates Industrial are expected to grow by 18.94% in the coming year, from $1.32 to $1.57 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 20.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.49.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 20.21, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 18.90.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.28. 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 Ad InvestorPlaceThe Next Nvidia?The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.Go here now for this breaking story. 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 HeadlinesApril 22, 2024 | americanbankingnews.comGates Industrial Corp PLC (NYSE:GTES) Receives $18.00 Consensus Target Price from AnalystsApril 17, 2024 | tmcnet.comUS Industrial Valve Market to Reach $11.02 Billion by 2029 - Gate Valves Leading the Market - Exclusive Focus Insight Report by AriztonApril 23, 2024 | InvestorPlace (Ad)The Next Nvidia?The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.April 17, 2024 | msn.comGates Industrial (GTES) Price Target Increased by 9.50% to 19.99April 17, 2024 | finance.yahoo.comDoes Gates Industrial Corp. PLC (GTES) Have an Opportunity to Re-rate?April 17, 2024 | americanbankingnews.comGates Industrial (NYSE:GTES) Price Target Raised to $18.00 at The Goldman Sachs GroupApril 16, 2024 | markets.businessinsider.comEvaluating Gates Industrial Corp: Insights From 9 Financial AnalystsApril 15, 2024 | sfgate.comOffer Arrives Quickly for Bill Gates' $5M Washington HomeApril 23, 2024 | InvestorPlace (Ad)The Next Nvidia?The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.April 15, 2024 | msn.comBill Gates Says It's 'Misinformation' That He Or Fauci Benefitted Or Made Money On Vaccines 'Is That a Joke?'April 13, 2024 | msn.comBaldur's Gate 3 wins big at the 2024 BAFTA Games AwardsApril 12, 2024 | msn.comUAE President, Bill Gates discuss ways to enhance humanitarian cooperationApril 11, 2024 | msn.comBill Gates says if AI will make humans work three days a week, then that's okayApril 10, 2024 | finance.yahoo.comGates Industrial Announces First-Quarter 2024 Earnings Release DateApril 10, 2024 | prnewswire.comGates Industrial Announces First-Quarter 2024 Earnings Release DateApril 10, 2024 | msn.comFuel from WATER for buses, trucks and planes? Bill Gates-backed company's achievementApril 10, 2024 | finance.yahoo.comShould You Investigate Gates Industrial Corporation plc (NYSE:GTES) At US$17.63?April 10, 2024 | msn.comGates-backed startup Infinium is making sustainable fuel from water and Carbon Dioxide: ReportApril 9, 2024 | msn.comLineup revealed for Outside Lands offshoot concert in San Francisco's Golden Gate ParkApril 8, 2024 | bizjournals.comInfinium fires up its first commercial-scale renewable fuel plant, with investor Bill Gates on siteApril 2, 2024 | msn.comFBI detains would-be gate-crasher in AtlantaApril 2, 2024 | msn.comOpening gates to financial assistance for Vt. State Park visitorsApril 1, 2024 | finance.yahoo.comEos Energy and Pine Gate Renewables Sign Agreement to Expand Existing RelationshipMarch 30, 2024 | msn.comPM Modi, Bill Gates Discuss Tech, Health, EducationMarch 29, 2024 | msn.com"Want To Fill Shortcomings Of Teachers With Technology": PM Modi To Bill GatesMarch 29, 2024 | msn.comPM Narendra Modi and Bill Gates interact on AI, climate change, and women empowerment: Key pointsMarch 29, 2024 | msn.comWorld’s first green steel plant backed by Bill Gates, Amazon opens in ColoradoSee 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 Earnings2/08/2024Today4/23/2024Next Earnings (Confirmed)5/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction Industry General industrial machinery & equipment Sub-IndustryN/A Current SymbolNYSE:GTES CUSIPN/A CIK1718512 Webwww.gates.com Phone303-744-1911FaxN/AEmployees14,700Year FoundedN/APrice Target and Rating Average Stock Price Target$18.00 High Stock Price Target$21.00 Low Stock Price Target$14.00 Potential Upside/Downside+4.8%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.85 Trailing P/E Ratio20.21 Forward P/E Ratio13.02 P/E GrowthN/ANet Income$232.90 million Net Margins6.52% Pretax Margin7.99% Return on Equity10.14% Return on Assets4.87% Debt Debt-to-Equity Ratio0.70 Current Ratio3.08 Quick Ratio2.25 Sales & Book Value Annual Sales$3.57 billion Price / Sales1.27 Cash Flow$2.16 per share Price / Cash Flow7.96 Book Value$13.42 per share Price / Book1.28Miscellaneous Outstanding Shares264,270,000Free Float258,193,000Market Cap$4.54 billion OptionableOptionable Beta1.57 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. 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 CompetitorsRayonierNYSE:RYNKB HomeNYSE:KBHKnife RiverNYSE:KNFM.D.C.NYSE:MDCSkyline ChampionNYSE:SKYView All CompetitorsInsiders & InstitutionsRaymond James & AssociatesBought 109,664 shares on 4/22/2024Ownership: 0.117%Leeward Investments LLC MASold 50,332 shares on 4/19/2024Ownership: 0.441%Olstein Capital Management L.P.Sold 32,000 shares on 4/19/2024Ownership: 0.077%Uncommon Cents Investing LLCBought 2,045 shares on 4/19/2024Ownership: 0.008%Legacy Wealth Asset Management LLCBought 11,213 shares on 4/19/2024Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions GTES Stock Analysis - Frequently Asked Questions Should I buy or sell Gates Industrial stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GTES shares. View GTES analyst ratings or view top-rated stocks. What is Gates Industrial's stock price target for 2024? 6 analysts have issued twelve-month target prices for Gates Industrial's shares. Their GTES share price targets range from $14.00 to $21.00. On average, they anticipate the company's stock price to reach $18.00 in the next year. This suggests a possible upside of 4.8% 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 2024? Gates Industrial's stock was trading at $13.42 at the start of the year. Since then, GTES shares have increased by 28.0% and is now trading at $17.18. View the best growth stocks for 2024 here. Are investors shorting Gates Industrial? Gates Industrial saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 7,780,000 shares, an increase of 7.3% from the March 15th total of 7,250,000 shares. Based on an average daily trading volume, of 3,000,000 shares, the short-interest ratio is presently 2.6 days. Approximately 4.1% 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 Wednesday, May 1st 2024. View our GTES earnings forecast. How can I listen to Gates Industrial's earnings call? Gates Industrial will be holding an earnings conference call on Wednesday, May 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "5772067". How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) announced its quarterly earnings data on Thursday, February, 8th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.27 by $0.10. The firm had revenue of $863.30 million for the quarter, compared to the consensus estimate of $892.40 million. Gates Industrial had a trailing twelve-month return on equity of 10.14% and a net margin of 6.52%. What ETFs hold Gates Industrial's stock? ETFs with the largest weight of Gates Industrial (NYSE:GTES) stock in their portfolio include Brandes U.S. Value ETF (BUSA), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Gotham 1000 Value ETF (GVLU) and Dimensional US Small Cap Value ETF (DFSV).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ). What guidance has Gates Industrial issued on next quarter's earnings? Gates Industrial updated its first quarter 2024 earnings guidance on Saturday, March, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $860.0 million-$875.0 million, compared to the consensus revenue estimate of $867.3 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? Gates Industrial (GTES) raised $751 million in an initial public offering 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 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 number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (5.58%), Confluence Investment Management LLC (0.61%), Leeward Investments LLC MA (0.44%), Raymond James & Associates (0.12%), Olstein Capital Management L.P. (0.08%) and Alaska Permanent Fund Corp (0.06%). Insiders that own company stock include Aggregator (Cayman) LP Omaha, Blackstone Inc, Fredrik J Eliasson, Ivo Jurek, Neil P Simpkins and Wilson S Neely. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:GTES) was last updated on 4/23/2024 by MarketBeat.com Staff From Our PartnersDon’t Miss Out on the AI Gold Rush That’s Just Getting StartedBanyan Hill PublishingHealthcare Takes A Big Step Forward With The Help Of AIThe Bull ReportDid You Get Your Free Bitcoin Yet?Crypto Swap Profitstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders Agency[Shocking] Elon Musk’s Plan To End BanksCrypto 101 MediaForget Bitcoin. 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