Fox Run Management L.L.C. Invests $1.71 Million in Gates Industrial Corporation PLC $GTES

Fox Run Management L.L.C. bought a new stake in shares of Gates Industrial Corporation PLC (NYSE:GTES) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 68,822 shares of the company’s stock, valued at approximately $1,708,000.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC boosted its position in Gates Industrial by 133.2% during the third quarter. True Wealth Design LLC now owns 1,166 shares of the company’s stock worth $29,000 after purchasing an additional 666 shares in the last quarter. Allworth Financial LP raised its stake in shares of Gates Industrial by 43.0% during the 2nd quarter. Allworth Financial LP now owns 2,096 shares of the company’s stock worth $48,000 after buying an additional 630 shares during the period. SJS Investment Consulting Inc. lifted its position in shares of Gates Industrial by 5,123.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,985 shares of the company’s stock valued at $49,000 after buying an additional 1,947 shares in the last quarter. Quent Capital LLC acquired a new stake in Gates Industrial in the 3rd quarter valued at $51,000. Finally, Avanza Fonder AB increased its holdings in Gates Industrial by 85.3% in the 3rd quarter. Avanza Fonder AB now owns 2,441 shares of the company’s stock worth $61,000 after acquiring an additional 1,124 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Gates Industrial Stock Up 1.2%

GTES stock opened at $28.07 on Wednesday. The company has a current ratio of 3.37, a quick ratio of 2.42 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average of $23.90 and a two-hundred day moving average of $24.00. Gates Industrial Corporation PLC has a 12 month low of $14.70 and a 12 month high of $28.47. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 28.94 and a beta of 1.27.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Gates Industrial had a return on equity of 10.36% and a net margin of 7.30%.The business had revenue of $856.20 million during the quarter, compared to analyst estimates of $853.35 million. During the same period in the prior year, the business earned $0.36 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, analysts forecast that Gates Industrial Corporation PLC will post 1.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on GTES shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 target price on shares of Gates Industrial in a research report on Friday, February 13th. Robert W. Baird set a $39.00 price target on shares of Gates Industrial in a research note on Friday, February 13th. Citigroup boosted their price objective on Gates Industrial from $27.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Barclays increased their target price on Gates Industrial from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Finally, UBS Group reaffirmed a “buy” rating and issued a $33.00 price target on shares of Gates Industrial in a research note on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.27.

Gates Industrial Company Profile

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.