Y Intercept Hong Kong Ltd Buys 226,012 Shares of Gates Industrial Corporation PLC $GTES

Y Intercept Hong Kong Ltd raised its position in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 708.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,930 shares of the company’s stock after purchasing an additional 226,012 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.10% of Gates Industrial worth $5,832,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in shares of Gates Industrial in the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC lifted its position in shares of 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 purchasing an additional 539 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Gates Industrial by 273.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock worth $67,000 after buying an additional 2,131 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Gates Industrial by 1,976.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,970 shares of the company’s stock valued at $68,000 after purchasing an additional 2,827 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Gates Industrial during the 4th quarter valued at $72,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Gates Industrial Price Performance

GTES stock opened at $26.73 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. The company has a 50-day moving average price of $26.16 and a 200 day moving average price of $24.75. Gates Industrial Corporation PLC has a 12 month low of $20.88 and a 12 month high of $29.17. The stock has a market cap of $6.79 billion, a PE ratio of 27.84 and a beta of 1.25.

Gates Industrial (NYSE:GTES) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $851.10 million during the quarter, compared to analyst estimates of $859.72 million. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.Gates Industrial’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Equities research analysts anticipate that Gates Industrial Corporation PLC will post 1.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GTES. Barclays cut their price target on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Robert W. Baird reduced their price target 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 lifted their price objective on Gates Industrial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Wall Street Zen cut shares of Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gates Industrial in a research report on Monday, June 29th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Gates Industrial has an average rating of “Moderate Buy” and an average price target of $31.00.

Gates Industrial Company 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.