Gates Industrial (NYSE:GTES) Director Peifang Zhang Sells 5,000 Shares

Gates Industrial Corporation PLC (NYSE:GTES) Director Peifang Zhang sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $29.76, for a total transaction of $148,800.00. Following the completion of the sale, the director directly owned 56,044 shares of the company’s stock, valued at approximately $1,667,869.44. This represents a 8.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Peifang Zhang also recently made the following trade(s):

• On Wednesday, August 5th, Peifang Zhang sold 6,000 shares of Gates Industrial stock. The stock was sold at an average price of $29.56, for a total transaction of $177,360.00.

Gates Industrial Stock Down 1.9%

Shares of GTES opened at $29.28 on Thursday. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 20.77 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.36 and a current ratio of 3.24. The business’s fifty day moving average price is $26.96 and its two-hundred day moving average price is $25.55. Gates Industrial Corporation PLC has a 52 week low of $20.88 and a 52 week high of $30.34.

Gates Industrial (NYSE:GTES) last released its earnings results on Friday, July 31st. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $927.28 million. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, analysts predict that Gates Industrial Corporation PLC will post 1.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on GTES. Citigroup upped their target price on shares of Gates Industrial from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley boosted their price target on shares of Gates Industrial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Wolfe Research reissued an “outperform” rating and issued a $33.00 price target on shares of Gates Industrial in a research note on Thursday, July 9th. Weiss Ratings upgraded shares of Gates Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Royal Bank Of Canada raised their price objective on Gates Industrial from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gates Industrial has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Institutional Trading of Gates Industrial

Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System grew its holdings in shares of Gates Industrial by 0.6% during the fourth quarter. New York State Teachers Retirement System now owns 85,748 shares of the company’s stock worth $1,841,000 after buying an additional 479 shares in the last quarter. Xponance LLC lifted its stake in Gates Industrial by 3.7% in the 4th quarter. Xponance LLC now owns 13,792 shares of the company’s stock valued at $296,000 after acquiring an additional 486 shares in the last quarter. Glenmede Investment Management LP lifted its stake in Gates Industrial by 0.9% in the 3rd quarter. Glenmede Investment Management LP now owns 55,047 shares of the company’s stock valued at $1,366,000 after acquiring an additional 514 shares in the last quarter. Fifth Third Bancorp boosted its position in Gates Industrial by 46.3% during the 1st quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock worth $37,000 after acquiring an additional 514 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in Gates Industrial by 3.8% during the 4th quarter. Lido Advisors LLC now owns 14,069 shares of the company’s stock worth $302,000 after acquiring an additional 521 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

About Gates Industrial

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.