We rank companies based on fund manager, research analyst and news sentiment
GTES stock icon

Gates Industrial
GTES

$17.44
0.11%
 

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

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 8 analysts
News positive %

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

401% more call options, than puts

Call options by funds: $1.1M | Put options by funds: $219K

70% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 27

68% more repeat investments, than reductions

Existing positions increased: 119 | Existing positions reduced: 71

16% more capital invested

Capital invested by funds: $3.04B [Q3] → $3.51B (+$474M) [Q4]

8% more funds holding

Funds holding: 233 [Q3] → 252 (+19) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]

0.0% less ownership

Funds ownership: 99.09% [Q3] → 99.09% (-0.0%) [Q4]

Research analyst outlook

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

Low target
$14
20%
downside
Avg. target
$18.38
5%
upside
High target
$21
20%
upside

8 analyst ratings

positive
63%
neutral
38%
negative
0%
Citigroup
Andrew Kaplowitz
15%upside
$20
Buy
Maintained
8 Apr 2024
Goldman Sachs
Jerry Revich
8%downside
$16
Neutral
Maintained
12 Mar 2024
Keybanc
Jeffrey Hammond
20%upside
$21
Overweight
Maintained
12 Mar 2024
Barclays
Julian Mitchell
3%downside
$17
Equal-Weight
Maintained
12 Mar 2024
Wolfe Research
Nigel Coe
15%upside
$20
Outperform
Upgraded
8 Mar 2024

Financial journalist opinion