Key Points
- Director Peifang Zhang sold 5,000 Gates Industrial shares for $148,800 at an average price of $29.76, reducing the position by 8.19% to 56,044 shares. Zhang also sold 6,000 additional shares the following day for $177,360.
- Gates Industrial reported quarterly EPS of $0.44, exceeding the $0.42 consensus estimate, while revenue rose 6.6% year over year to $941.6 million. The company issued fiscal 2026 EPS guidance of $1.62–$1.70.
- Analysts maintain a favorable outlook, with nine Buy ratings and three Holds, an overall “Moderate Buy” consensus, and an average price target of $33 versus the stock’s $29.28 opening price.
Gates Industrial Corporation PLC (NYSE:GTES - Get Free Report) Director Peifang Zhang sold 5,000 shares of the firm'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 directly owned 56,044 shares of the company's stock, valued at approximately $1,667,869.44. This trade represents a 8.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $29.56, for a total transaction of $177,360.00.
Gates Industrial Trading Down 1.9%
Shares of NYSE:GTES opened at $29.28 on Thursday. The company's 50-day moving average price is $26.96 and its two-hundred day moving average price is $25.55. 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 one year low of $20.88 and a one year high of $30.34. The stock has a market capitalization of $7.41 billion, a PE ratio of 20.77 and a beta of 1.25.
Gates Industrial (NYSE:GTES - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $941.60 million during the quarter, compared to analysts' expectations of $927.28 million. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.Gates Industrial's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, equities analysts forecast that Gates Industrial Corporation PLC will post 1.53 EPS for the current fiscal year.
Institutional Investors Weigh In On Gates Industrial
Several hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in Gates Industrial during the fourth quarter worth approximately $26,000. Transamerica Financial Advisors LLC raised its stake in Gates Industrial by 51.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company's stock valued at $34,000 after buying an additional 539 shares during the period. Fifth Third Bancorp lifted its position in shares of Gates Industrial by 46.3% in the first quarter. Fifth Third Bancorp now owns 1,624 shares of the company's stock valued at $37,000 after buying an additional 514 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Gates Industrial by 37.7% in the first quarter. Parallel Advisors LLC now owns 2,536 shares of the company's stock valued at $57,000 after buying an additional 694 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Gates Industrial by 273.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company's stock worth $67,000 after acquiring an additional 2,131 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on GTES shares. Weiss Ratings upgraded Gates Industrial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday. Wells Fargo & Company upped their price objective on Gates Industrial from $26.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Monday. JPMorgan Chase & Co. increased their price objective on Gates Industrial from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Monday. Robert W. Baird raised their target price on shares of Gates Industrial from $37.00 to $39.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Wolfe Research reissued an "outperform" rating and issued a $33.00 target price on shares of Gates Industrial in a research note on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Gates Industrial has an average rating of "Moderate Buy" and an average target price of $33.00.
View Our Latest Report on GTES
About Gates Industrial
(
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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.
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