Gates Industrial (NYSE:GTES) Director Sells $148,800.00 in Stock

Gates Industrial Corporation PLC (NYSE:GTES) Director Peifang Zhang sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $29.76, for a total transaction of $148,800.00. Following the completion of the transaction, the director owned 56,044 shares of the company’s stock, valued at $1,667,869.44. This represents a 8.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Peifang Zhang also recently made the following trade(s):

• On Wednesday, August 5th, Peifang Zhang sold 6,000 shares of Gates Industrial stock. The stock was sold at an average price of $29.56, for a total value of $177,360.00.

Gates Industrial Stock Performance

Shares of GTES traded down $0.56 during midday trading on Wednesday, reaching $29.28. 2,632,138 shares of the stock were exchanged, compared to its average volume of 2,287,474. The business’s 50-day moving average price is $26.89 and its 200 day moving average price is $25.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.24 and a quick ratio of 2.36. Gates Industrial Corporation PLC has a twelve month low of $20.88 and a twelve month high of $30.34. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 20.77 and a beta of 1.25.

Gates Industrial (NYSE:GTES) last posted 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. The business had revenue of $941.60 million during the quarter, compared to the consensus estimate of $927.28 million. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, sell-side analysts expect that Gates Industrial Corporation PLC will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. KeyCorp increased their price objective on Gates Industrial from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday. Wolfe Research reaffirmed an “outperform” rating and issued a $33.00 target price on shares of Gates Industrial in a report on Thursday, July 9th. Morgan Stanley upped their price target on shares of Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Robert W. Baird increased their price target on shares of Gates Industrial from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, 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 report on Monday. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Gates Industrial by 2.6% during 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 last quarter. JPMorgan Chase & Co. increased its stake in Gates Industrial by 98.7% in the 4th quarter. JPMorgan Chase & Co. now owns 8,373,294 shares of the company’s stock valued at $179,775,000 after buying an additional 4,158,341 shares during the period. Invesco Ltd. raised its position in Gates Industrial by 5.9% during the 4th quarter. Invesco Ltd. now owns 8,322,654 shares of the company’s stock worth $178,687,000 after buying an additional 461,160 shares during the last quarter. State Street Corp raised its position in Gates Industrial by 3.0% during the 4th quarter. State Street Corp now owns 7,971,572 shares of the company’s stock worth $171,150,000 after buying an additional 232,447 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Gates Industrial by 5.5% during the fourth quarter. Franklin Resources Inc. now owns 7,305,065 shares of the company’s stock worth $156,840,000 after acquiring an additional 381,896 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

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.