Quantbot Technologies LP Invests $1.19 Million in Gates Industrial Corporation PLC $GTES

Quantbot Technologies LP bought a new stake in shares of Gates Industrial Corporation PLC (NYSE:GTES) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,986 shares of the company’s stock, valued at approximately $1,191,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Gates Industrial during the 1st quarter valued at $381,000. Bank of Montreal Can grew its holdings in shares of Gates Industrial by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 67,005 shares of the company’s stock worth $1,543,000 after acquiring an additional 1,800 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Gates Industrial during the second quarter worth $974,000. CSM Advisors LLC purchased a new stake in shares of Gates Industrial during the second quarter valued at $3,460,000. Finally, Allworth Financial LP lifted its holdings in shares of Gates Industrial by 43.0% during the second quarter. Allworth Financial LP now owns 2,096 shares of the company’s stock valued at $48,000 after purchasing an additional 630 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Gates Industrial Stock Performance

Shares of GTES opened at $24.04 on Friday. The company has a market capitalization of $6.10 billion, a PE ratio of 24.78 and a beta of 1.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.42 and a current ratio of 3.37. The company’s 50 day moving average price is $24.65 and its 200 day moving average price is $24.12. Gates Industrial Corporation PLC has a 52 week low of $14.70 and a 52 week high of $28.47.

Gates Industrial (NYSE:GTES) last released its earnings results on Thursday, February 12th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $856.20 million during the quarter, compared to the consensus estimate of $853.35 million. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Research analysts expect that Gates Industrial Corporation PLC will post 1.36 EPS for the current fiscal year.

Analysts Set New Price Targets

GTES has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Gates Industrial from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price objective on shares of Gates Industrial in a research note on Friday, February 13th. Wall Street Zen upgraded shares of Gates Industrial from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. UBS Group reissued a “buy” rating and issued a $33.00 target price on shares of Gates Industrial in a research report on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Gates Industrial in a report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.27.

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.