Granahan Investment Management LLC Grows Stock Position in Gates Industrial Corporation PLC $GTES

Granahan Investment Management LLC increased its holdings in Gates Industrial Corporation PLC (NYSE:GTES) by 22.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 834,723 shares of the company’s stock after buying an additional 152,413 shares during the period. Granahan Investment Management LLC owned about 0.33% of Gates Industrial worth $17,922,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GTES. Los Angeles Capital Management LLC acquired a new position in Gates Industrial in the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC raised its stake in Gates Industrial by 51.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after purchasing an additional 539 shares during the last quarter. Assetmark Inc. raised its stake in 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 purchasing an additional 676 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Gates Industrial in the 3rd quarter valued at about $65,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $67,000 after purchasing an additional 2,131 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Gates Industrial Trading Up 1.3%

NYSE GTES opened at $27.70 on Wednesday. Gates Industrial Corporation PLC has a 12 month low of $20.88 and a 12 month high of $28.47. The company has a 50-day moving average of $25.43 and a 200-day moving average of $24.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 2.66. The company has a market cap of $7.04 billion, a P/E ratio of 28.86 and a beta of 1.27.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.35 EPS for the quarter, beating 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 company had revenue of $851.10 million during the quarter, compared to the consensus estimate of $859.72 million. During the same quarter in the prior year, the company posted $0.36 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, equities analysts predict that Gates Industrial Corporation PLC will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on GTES shares. Robert W. Baird cut their target price on shares of Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Morgan Stanley boosted their target price on shares of Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Barclays cut their target price on shares of Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Wall Street Zen downgraded shares of Gates Industrial from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings downgraded shares of Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Gates Industrial 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.