Kennedy Capital Management LLC Increases Stock Position in Gates Industrial Corporation PLC $GTES

Kennedy Capital Management LLC increased its position in Gates Industrial Corporation PLC (NYSE:GTES) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,528,525 shares of the company’s stock after acquiring an additional 96,392 shares during the period. Gates Industrial comprises approximately 0.7% of Kennedy Capital Management LLC’s holdings, making the stock its 12th largest position. Kennedy Capital Management LLC’s holdings in Gates Industrial were worth $32,817,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in Gates Industrial in the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC raised its holdings in Gates Industrial by 51.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock worth $34,000 after acquiring an additional 539 shares during the last quarter. Assetmark Inc. raised its holdings in Gates Industrial by 38.1% in the 3rd quarter. Assetmark Inc. now owns 2,448 shares of the company’s stock worth $61,000 after acquiring an additional 676 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Gates Industrial in the 3rd quarter worth approximately $65,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Gates Industrial by 273.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock worth $67,000 after acquiring an additional 2,131 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Gates Industrial Trading Up 0.8%

NYSE:GTES opened at $27.06 on Friday. The company has a current ratio of 3.67, a quick ratio of 2.66 and a debt-to-equity ratio of 0.61. Gates Industrial Corporation PLC has a 12 month low of $20.88 and a 12 month high of $28.47. The company has a market cap of $6.87 billion, a PE ratio of 28.19 and a beta of 1.27. The company has a 50 day simple moving average of $25.21 and a two-hundred day simple moving average of $24.17.

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

Wall Street Analyst Weigh In

GTES has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Morgan Stanley boosted their price objective on shares of Gates Industrial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Robert W. Baird decreased their price objective on shares of Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Weiss Ratings lowered shares of Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Finally, Barclays decreased their price objective on shares of Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company 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.