Gates Industrial Corporation PLC $GTES Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC grew its holdings in Gates Industrial Corporation PLC (NYSE:GTES) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,534,381 shares of the company’s stock after buying an additional 30,409 shares during the quarter. Gates Industrial comprises 0.8% of GW&K Investment Management LLC’s investment portfolio, making the stock its 16th biggest holding. GW&K Investment Management LLC owned 1.76% of Gates Industrial worth $97,353,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC acquired a new stake in shares of Gates Industrial in the 4th quarter valued at approximately $26,000. Assetmark Inc. lifted its holdings in shares of Gates Industrial by 38.1% in the 3rd quarter. Assetmark Inc. now owns 2,448 shares of the company’s stock valued at $61,000 after buying an additional 676 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Gates Industrial in the 3rd quarter valued at approximately $65,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Gates Industrial by 273.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock valued at $67,000 after buying an additional 2,131 shares during the period. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Gates Industrial in the 3rd quarter valued at approximately $73,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Gates Industrial Stock Performance

NYSE GTES opened at $26.41 on Wednesday. Gates Industrial Corporation PLC has a 1-year low of $20.88 and a 1-year high of $28.47. The company has a market capitalization of $6.71 billion, a P/E ratio of 27.51 and a beta of 1.27. The business has a 50 day moving average price of $24.96 and a 200 day moving average price of $24.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 2.66.

Gates Industrial (NYSE:GTES) last released its quarterly earnings data on Friday, May 1st. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The firm had revenue of $851.10 million during the quarter, compared to the consensus estimate of $859.72 million. During the same period last year, the business posted $0.36 EPS. Gates Industrial’s quarterly revenue was up .4% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Sell-side analysts expect that Gates Industrial Corporation PLC will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

GTES has been the subject of several recent analyst reports. Citigroup raised their price target on Gates Industrial from $27.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 13th. Barclays reduced their price target on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Morgan Stanley raised their price target on Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. UBS Group reissued a “buy” rating and issued a $33.00 price target on shares of Gates Industrial in a report on Friday, February 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of Gates Industrial in a report on Friday, February 13th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

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.