Gates Industrial Corporation PLC $GTES Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 46.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,186 shares of the company’s stock after purchasing an additional 22,338 shares during the quarter. SG Americas Securities LLC’s holdings in Gates Industrial were worth $1,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Gates Industrial by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 26,753,365 shares of the company’s stock valued at $664,019,000 after buying an additional 1,281,339 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Gates Industrial by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,850,516 shares of the company’s stock worth $269,308,000 after acquiring an additional 28,760 shares during the period. Invesco Ltd. grew its position in Gates Industrial by 3.0% in the third quarter. Invesco Ltd. now owns 7,861,494 shares of the company’s stock valued at $195,122,000 after acquiring an additional 226,075 shares in the last quarter. State Street Corp raised its stake in shares of Gates Industrial by 2.4% during the second quarter. State Street Corp now owns 7,346,884 shares of the company’s stock valued at $169,199,000 after purchasing an additional 170,597 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Gates Industrial by 22.3% during the third quarter. Franklin Resources Inc. now owns 6,923,169 shares of the company’s stock valued at $171,833,000 after purchasing an additional 1,261,849 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Gates Industrial Stock Performance

Shares of GTES stock opened at $22.50 on Tuesday. The company has a market cap of $5.71 billion, a P/E ratio of 23.19 and a beta of 1.28. The business has a 50 day moving average of $24.76 and a two-hundred day moving average of $23.72. Gates Industrial Corporation PLC has a 52 week low of $14.70 and a 52 week high of $28.47. The company has a quick ratio of 2.42, a current ratio of 3.37 and a debt-to-equity ratio of 0.61.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on GTES. Morgan Stanley upped their target price 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. Wall Street Zen upgraded shares of Gates Industrial from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 29th. Weiss Ratings cut shares of Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. UBS Group restated a “buy” rating and set a $33.00 target price on shares of Gates Industrial in a research note on Friday, February 13th. Finally, Robert W. Baird set a $39.00 target price on Gates Industrial in a research report on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.36.

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.