Gates Industrial Corporation PLC $GTES Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its position in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,009,225 shares of the company’s stock after selling 54,890 shares during the period. Gates Industrial makes up 1.3% of Leeward Investments LLC MA’s portfolio, making the stock its 10th biggest holding. Leeward Investments LLC MA owned approximately 0.40% of Gates Industrial worth $26,442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GTES. Dimensional Fund Advisors LP increased its stake in shares of Gates Industrial by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,546,581 shares of the company’s stock worth $261,040,000 after purchasing an additional 295,706 shares during the period. Janus Henderson Group PLC boosted its stake in Gates Industrial by 3.8% during the 1st quarter. Janus Henderson Group PLC now owns 5,230,159 shares of the company’s stock valued at $118,252,000 after purchasing an additional 193,896 shares during the period. Bank of New York Mellon Corp boosted its stake in Gates Industrial by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,346,443 shares of the company’s stock valued at $53,053,000 after purchasing an additional 38,645 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Gates Industrial by 62.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,251,585 shares of the company’s stock valued at $50,908,000 after buying an additional 868,734 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Gates Industrial by 12.3% in the 1st quarter. Quantinno Capital Management LP now owns 2,101,565 shares of the company’s stock valued at $47,516,000 after buying an additional 230,147 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gates Industrial news, Director Peifang Zhang sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $29.56, for a total value of $177,360.00. Following the completion of the transaction, the director owned 44,044 shares of the company’s stock, valued at $1,301,940.64. This represents a 11.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GTES has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their price target on Gates Industrial from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. KeyCorp upped their price target on Gates Industrial from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Wolfe Research reissued an “outperform” rating and issued a $33.00 price objective on shares of Gates Industrial in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised their price objective on shares of Gates Industrial from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, DA Davidson initiated coverage on shares of Gates Industrial in a research note on Tuesday, September 1st. They issued a “neutral” rating and a $29.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.45.

Gates Industrial Stock Down 0.1%

Shares of GTES opened at $25.06 on Monday. The company has a 50-day simple moving average of $26.18 and a 200-day simple moving average of $26.30. The firm has a market capitalization of $6.34 billion, a P/E ratio of 17.77 and a beta of 1.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.36 and a current ratio of 3.24. 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 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. Gates Industrial had a net margin of 10.37% and a return on equity of 10.11%. The business had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $927.28 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, equities research analysts expect that Gates Industrial Corporation PLC will post 1.58 earnings per share for the current year.

Gates Industrial Profile

Gates Industrial Corporation plc (NYSE: GTES) is a manufacturer of engineered power transmission and fluid power products. The company develops solutions designed to transfer power, control motion, and manage the flow of fluids in industrial and mobile applications.

Its product portfolio includes synchronous and V-belts, belt drives, hoses, hydraulic assemblies, couplings, tensioners, pulleys, and related components. Gates serves original equipment manufacturers, distributors, and aftermarket customers across industries such as automotive, agriculture, construction, energy, manufacturing, and general industrial equipment.

The company traces its roots to the Gates Rubber Company, founded in 1911 in Denver, Colorado.