Dimensional Fund Advisors LP Has $269.31 Million Position in Gates Industrial Corporation PLC $GTES

Dimensional Fund Advisors LP increased its position in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 0.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,850,516 shares of the company’s stock after buying an additional 28,760 shares during the quarter. Dimensional Fund Advisors LP owned 4.20% of Gates Industrial worth $269,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Gates Industrial by 5.0% in the third quarter. Vanguard Group Inc. now owns 26,753,365 shares of the company’s stock worth $664,019,000 after purchasing an additional 1,281,339 shares in the last quarter. Invesco Ltd. grew its position in Gates Industrial by 3.1% in the second quarter. Invesco Ltd. now owns 7,635,419 shares of the company’s stock valued at $175,844,000 after purchasing an additional 226,578 shares in the last quarter. State Street Corp increased its stake in Gates Industrial by 2.4% in the 2nd quarter. State Street Corp now owns 7,346,884 shares of the company’s stock valued at $169,199,000 after buying an additional 170,597 shares during the last quarter. American Century Companies Inc. increased its stake in Gates Industrial by 4.2% in the 2nd quarter. American Century Companies Inc. now owns 6,461,861 shares of the company’s stock valued at $148,817,000 after buying an additional 261,429 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Gates Industrial by 17.1% during the 2nd quarter. Franklin Resources Inc. now owns 5,661,320 shares of the company’s stock worth $130,380,000 after buying an additional 826,249 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GTES shares. JPMorgan Chase & Co. reduced their price objective on shares of Gates Industrial from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, December 16th. Citigroup upped their target price on Gates Industrial from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Wells Fargo & Company started coverage on Gates Industrial in a research report on Thursday, November 13th. They set an “equal weight” rating and a $23.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Gates Industrial in a research note on Monday, December 29th. Finally, Robert W. Baird set a $39.00 price target on Gates Industrial in a research report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.27.

Gates Industrial Price Performance

Shares of NYSE GTES opened at $24.04 on Friday. The company has a quick ratio of 2.42, a current ratio of 3.37 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average price is $24.65 and its two-hundred day moving average price is $24.12. The company has a market cap of $6.10 billion, a PE ratio of 24.78 and a beta of 1.23. Gates Industrial Corporation PLC has a twelve month low of $14.70 and a twelve month high of $28.47.

Gates Industrial (NYSE:GTES) last released its quarterly earnings data 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 company had revenue of $856.20 million during the quarter, compared to analysts’ expectations of $853.35 million. During the same period last year, the firm posted $0.36 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, analysts predict that Gates Industrial Corporation PLC will post 1.36 EPS for the current year.

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.