Gates Industrial (NYSE:GTES) Director Sells $177,360.00 in Stock

Gates Industrial Corporation PLC (NYSE:GTES) Director Peifang Zhang sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $29.56, for a total transaction of $177,360.00. Following the completion of the sale, the director owned 44,044 shares in the company, valued at approximately $1,301,940.64. This trade represents a 11.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, August 4th, Peifang Zhang sold 5,000 shares of Gates Industrial stock. The stock was sold at an average price of $29.76, for a total value of $148,800.00.

Gates Industrial Stock Down 1.0%

Shares of Gates Industrial stock opened at $28.31 on Friday. The company has a quick ratio of 2.36, a current ratio of 3.24 and a debt-to-equity ratio of 0.58. The firm has a market cap of $7.17 billion, a P/E ratio of 20.08 and a beta of 1.25. Gates Industrial Corporation PLC has a fifty-two week low of $20.88 and a fifty-two week high of $30.34. The business has a 50-day moving average price of $27.07 and a 200 day moving average price of $25.61.

Gates Industrial (NYSE:GTES) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The firm had revenue of $941.60 million for the quarter, compared to analysts’ expectations of $927.28 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Gates Industrial’s revenue for the quarter was up 6.6% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, sell-side analysts forecast that Gates Industrial Corporation PLC will post 1.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GTES has been the subject of a number of research reports. KeyCorp lifted their price objective on shares of Gates Industrial from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday. Weiss Ratings raised shares of Gates Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wells Fargo & Company boosted their price objective on shares of Gates Industrial from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded Gates Industrial from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Finally, Robert W. Baird raised their price target on shares of Gates Industrial from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.00.

Institutional Trading of Gates Industrial

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Gates Industrial by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,546,581 shares of the company’s stock valued at $261,040,000 after buying an additional 295,706 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Gates Industrial by 98.7% during the 4th quarter. JPMorgan Chase & Co. now owns 8,373,294 shares of the company’s stock valued at $179,775,000 after acquiring an additional 4,158,341 shares during the last quarter. Invesco Ltd. boosted its stake in shares of 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 acquiring an additional 461,160 shares in the last quarter. State Street Corp boosted its stake in shares of 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 acquiring an additional 232,447 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Gates Industrial by 5.5% in the 4th 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 last quarter. 98.50% of the stock is currently owned by institutional investors.

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.