Kennedy Capital Management LLC Acquires 96,392 Shares of Gates Industrial Corporation PLC $GTES

Kennedy Capital Management LLC increased its holdings in Gates Industrial Corporation PLC (NYSE:GTES) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,528,525 shares of the company’s stock after purchasing an additional 96,392 shares during the quarter. Gates Industrial makes up approximately 0.7% of Kennedy Capital Management LLC’s holdings, making the stock its 12th largest holding. Kennedy Capital Management LLC owned about 0.60% of Gates Industrial worth $32,817,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Los Angeles Capital Management LLC purchased a new stake in Gates Industrial in the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC lifted its holdings in Gates Industrial by 51.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock worth $34,000 after buying an additional 539 shares during the period. Assetmark Inc. lifted its holdings in Gates Industrial by 38.1% in the third quarter. Assetmark Inc. now owns 2,448 shares of the company’s stock worth $61,000 after buying an additional 676 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Gates Industrial in the third quarter worth about $65,000. Finally, 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. 98.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on GTES shares. Robert W. Baird lowered their price objective on shares of Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Weiss Ratings lowered shares of Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Morgan Stanley raised their price objective on shares of Gates Industrial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Barclays lowered their price objective on shares of Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Finally, Wall Street Zen lowered shares of Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.00.

Gates Industrial Price Performance

GTES stock opened at $27.06 on Friday. The firm has a 50 day moving average price of $25.21 and a 200-day moving average price of $24.17. Gates Industrial Corporation PLC has a 52-week low of $20.88 and a 52-week high of $28.47. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 28.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.66 and a current ratio of 3.67.

Gates Industrial (NYSE:GTES) last released its earnings results on Friday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Gates Industrial had a net margin of 7.23% and a return on equity of 10.00%. The firm had revenue of $851.10 million during the quarter, compared to analyst estimates of $859.72 million. During the same period last year, the business earned $0.36 earnings per share. The business’s revenue was up .4% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Equities research analysts forecast that Gates Industrial Corporation PLC will post 1.54 EPS for the current fiscal year.

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.