Gates Industrial
GTES

$17.84

2.53%

Market Cap: 4.66B

About: Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. It is used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.

Employees: 14,700

Industrials General Industrial Machinery & Equipment

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 11 analysts

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

3,940% more call options, than puts

Call options by funds: $34.3M | Put options by funds: $849K

79% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 68

68% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 38

34% more capital invested

Capital invested by funds: $3.52B [Q4 2023] → $4.72B (+$1.21B) [Q1 2024]

33% more funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 4 (+1) [Q1 2024]

10% more funds holding

Funds holding: 255 [Q4 2023] → 281 (+26) [Q1 2024]

1.76% more ownership

Funds ownership: 99.18% [Q4 2023] → 100.94% (+1.76%) [Q1 2024]

See Fund Rankings

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$14

22%

downside

Avg. target

$18.82

5%

upside

High target

$26

46%

upside

11 analyst ratings

6 positive

55%

5 neutral

45%

0 negative

0%

Barclays Julian Mitchell	10%downside $16	Equal-Weight Maintained	4 Jun 2024
Baird Michael Halloran	46%upside $26	Outperform Maintained	2 May 2024
Goldman Sachs Jerry Revich	1%upside $18	Neutral Maintained	16 Apr 2024
Citigroup Andrew Kaplowitz	12%upside $20	Buy Maintained	8 Apr 2024
Goldman Sachs Jerry Revich	10%downside $16	Neutral Maintained	12 Mar 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about GTES published over the past 30 days

Gates Industrial Announces Time Change for Second-Quarter 2024 Conference Call

DENVER , July 17, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) today announced that it has changed the time of its second-quarter 2024 webcast and conference call from 10 a.m. Eastern time to 9 a.m.

Gates Industrial Announces Time Change for Second-Quarter 2024 Conference Call

Top 3 Industrials Stocks That Could Sink Your Portfolio This Month

As of July 17, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 3 Industrials Stocks That Could Sink Your Portfolio This Month

Abercrombie & Fitch Set to Join S&P MidCap 400; Gates Industrial to Join S&P SmallCap 600

NEW YORK , July 16, 2024 /PRNewswire/ -- S&P SmallCap 600 constituent Abercrombie & Fitch Co. (NYSE:ANF) will replace Equitrans Midstream Corp. (NYSE:ETRN) in the S&P MidCap 400, and Gates Industrial Corporation plc (NYSE:GTES) will replace Abercrombie & Fitch in the S&P SmallCap 600 effective prior to the opening of trading on Monday, July 22. S&P 500 constituent EQT Corp. (NYSE: EQT) is acquiring Equitrans Midstream in a deal expected to close soon, pending final closing conditions.

Abercrombie & Fitch Set to Join S&P MidCap 400; Gates Industrial to Join S&P SmallCap 600

Gates Industrial Announces Second-Quarter 2024 Earnings Release Date

DENVER , July 9, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES) will issue its second-quarter earnings release before the market opens on Wednesday, July 31, 2024. Management will host a webcast and conference call on the same day at 10:00 a.m.

Gates Industrial Announces Second-Quarter 2024 Earnings Release Date

Zacks Investment Research

Gates (GTES) vs. Sterling (STRL): Which is a More Profitable Pick?

Amid macroeconomic headwinds, the public sector is encouraging for the industry. Let's find out whether Gates (GTES) or Sterling (STRL) is a better Engineering - R and D Services stock.

Gates (GTES) vs. Sterling (STRL): Which is a More Profitable Pick?

Gates Welcomes Chief Accounting Officer

DENVER, June 17, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES) is pleased to announce the appointment of John Patouhas as Senior Vice President & Chief Accounting Officer, effective today, Monday, June 17, 2024. John will be responsible for the strategic direction of Gates' accounting function, including financial reporting, risk, controls, and compliance in accordance with applicable standards, laws and regulations.

Gates Welcomes Chief Accounting Officer

Gates Industrial: Maintaining Robust Margin With Plans For Market Extension

GTES focuses on power transmission and fluid power solutions, serving customers across 130 countries. Recently announced their entry into the data cooling centers to provide liquid cooling solutions. GTES has exited FY23 on a high note with good momentum, driving further expansion in profitability margin for FY24 as they focus on material cost reduction and productivity enhancement. Rising infrastructure build-outs outside of the U.S. present a substantial growth opportunity for GTES throughout the next few years.

Gates Industrial: Maintaining Robust Margin With Plans For Market Extension

GATES ANNOUNCES PRICING OF $500 MILLION OF 6.875% SENIOR NOTES DUE 2029

DENVER , May 22, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates") announced today that its indirect subsidiary, Gates Corporation (the "Issuer" and, together with Gates, the "Company"), finalized the terms of the previously announced offering of $500.0 million aggregate principal amount of 6.875% Senior Notes due 2029 (the "notes"). The notes will be fully and unconditionally guaranteed by Gates Industrial Holdco Limited (the "Parent Guarantor"), an indirect parent company of the Issuer and the direct subsidiary of Gates, and certain other subsidiaries of the Parent Guarantor.

GATES ANNOUNCES PRICING OF $500 MILLION OF 6.875% SENIOR NOTES DUE 2029

GATES ANNOUNCES INTENTION TO OFFER $500 MILLION OF SENIOR NOTES

DENVER, May 22, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates") announced today that its indirect subsidiary, Gates Corporation (the "Issuer" and, together with Gates, the "Company"), intends to offer $500.0 million aggregate principal amount of Senior Notes due 2029 (the "notes"). The notes will be fully and unconditionally guaranteed by Gates Industrial Holdco Limited (the "Parent Guarantor"), an indirect parent company of the Issuer and the direct subsidiary of Gates, and certain other subsidiaries of the Parent Guarantor.

GATES ANNOUNCES INTENTION TO OFFER $500 MILLION OF SENIOR NOTES

GATES ANNOUNCES PRICING OF SECONDARY OFFERING OF 17,500,000 ORDINARY SHARES

DENVER , May 16, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates" or the "Company") announced today the pricing of the previously announced secondary offering of 17,500,000 ordinary shares (the "Offering") by certain selling stockholders affiliated with Blackstone Inc. (the "Selling Stockholders"). The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to 2,625,000 additional ordinary shares.

GATES ANNOUNCES PRICING OF SECONDARY OFFERING OF 17,500,000 ORDINARY SHARES

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