Gates Industrial (NYSE:GTES) Stock Rating Upgraded by Wall Street Zen

Gates Industrial (NYSE:GTES) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

GTES has been the topic of a number of other reports. Morgan Stanley lifted their price objective on shares of Gates Industrial from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 11th. JPMorgan Chase & Co. reduced their target price on Gates Industrial from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, December 16th. Weiss Ratings raised Gates Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. UBS Group restated a “buy” rating and set a $33.00 price objective on shares of Gates Industrial in a research report on Friday, February 13th. Finally, Robert W. Baird set a $39.00 price objective on Gates Industrial in a research note on Friday, February 13th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.73.

Gates Industrial Price Performance

Shares of NYSE GTES opened at $22.12 on Friday. The stock has a market capitalization of $5.61 billion, a PE ratio of 22.80 and a beta of 1.23. The business has a fifty day moving average price of $24.86 and a two-hundred day moving average price of $23.87. Gates Industrial has a fifty-two week low of $14.70 and a fifty-two week high of $28.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.37 and a quick ratio of 2.42.

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

Institutional Trading of Gates Industrial

A number of hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC increased its holdings in shares of 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 buying an additional 666 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Gates Industrial in the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC boosted its holdings in shares of Gates Industrial by 51.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after acquiring an additional 539 shares in the last quarter. SJS Investment Consulting Inc. grew its position in Gates Industrial by 5,123.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,985 shares of the company’s stock worth $49,000 after acquiring an additional 1,947 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Gates Industrial during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

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.