GTES icon

Gates Industrial

22.57 USD
-0.65
2.80%
At close Feb 7, 4:00 PM EST
After hours
22.57
+0.00
0.00%
1 day
-2.80%
5 days
12.46%
1 month
9.83%
3 months
6.11%
6 months
40.01%
Year to date
10.53%
1 year
70.21%
5 years
76.05%
10 years
22.00%
 

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 6,831 funds
0
Analysts bullish %
of 6 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

9,332% more call options, than puts

Call options by funds: $69.6M | Put options by funds: $738K

29% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 49

23% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 99

11% more capital invested

Capital invested by funds: $4.28B [Q2] → $4.73B (+$453M) [Q3]

4% more funds holding

Funds holding: 300 [Q2] → 312 (+12) [Q3]

0.49% less ownership

Funds ownership: 103.54% [Q2] → 103.05% (-0.49%) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$24
6%
upside
Avg. target
$26
13%
upside
High target
$27
20%
upside

6 analyst ratings

positive
83%
neutral
17%
negative
0%
RBC Capital
Deane Dray
45% 1-year accuracy
25 / 55 met price target
20%upside
$27
Outperform
Maintained
7 Feb 2025
Keybanc
Jeffrey Hammond
56% 1-year accuracy
22 / 39 met price target
20%upside
$27
Overweight
Maintained
7 Feb 2025
Citigroup
Andrew Kaplowitz
56% 1-year accuracy
45 / 81 met price target
6%upside
$24
Buy
Maintained
13 Jan 2025
Goldman Sachs
Jerry Revich
39% 1-year accuracy
13 / 33 met price target
6%upside
$24
Neutral
Maintained
12 Dec 2024
Jefferies
Stephen Volkmann
18% 1-year accuracy
2 / 11 met price target
15%upside
$26
Buy
Maintained
6 Dec 2024

Financial journalist opinion

Based on 6 articles about GTES published over the past 30 days

Neutral
Seeking Alpha
1 day ago
Gates Industrial Corporation plc (GTES) Q4 2024 Earnings Call Transcript
Gates Industrial Corporation plc (NYSE:GTES ) Q4 2024 Earnings Conference Call February 6, 2025 11:00 AM ET Company Participants Rich Kwas – Investor Relations Ivo Jurek – Chief Executive Officer Brooks Mallard – Executive Vice President and Chief Financial Officer Conference Call Participants Julian Mitchell – Barclays Deane Dray – RBC Capital Markets Andy Kaplowitz – Citigroup Jeff Hammond – KeyBanc Capital Markets Mike Halloran – Baird Stephen Volkmann – Jefferies Nigel Coe – Wolfe Research Jerry Revich – Goldman Sachs Chris Snyder – Morgan Stanley David Raso – Evercore ISI Operator Good morning, and welcome to Gates Industrial Corporation's Fourth Quarter and Full Year 2024 Earnings Call. All participants are in a listen-only mode.
Gates Industrial Corporation plc (GTES) Q4 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 day ago
Gates Industrial (GTES) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Gates Industrial (GTES) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Gates Industrial (GTES) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Positive
Zacks Investment Research
1 day ago
Gates Industrial (GTES) Q4 Earnings and Revenues Surpass Estimates
Gates Industrial (GTES) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.39 per share a year ago.
Gates Industrial (GTES) Q4 Earnings and Revenues Surpass Estimates
Neutral
PRNewsWire
1 day ago
Gates Industrial Reports Fourth-Quarter and Full Year 2024 Results
DENVER , Feb. 6, 2025 /PRNewswire/ -- Fourth -Quarter 2024 Financial Summary Fourth-quarter net sales of $829.4 million, down 3.9% compared to the prior-year period, including a core sales decline of 2.6%. Net income attributable to shareholders of $36.6 million, or $0.14 per diluted share.
Gates Industrial Reports Fourth-Quarter and Full Year 2024 Results
Neutral
PRNewsWire
3 weeks ago
Gates Industrial Announces Fourth-Quarter 2024 Earnings Release Date
DENVER , Jan. 14, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its fourth-quarter earnings release before the market opens on Thursday, February 6, 2025. Management will host a webcast and conference call on the same day at 11:00 a.m.
Gates Industrial Announces Fourth-Quarter 2024 Earnings Release Date
Positive
Zacks Investment Research
4 weeks ago
5 Value Stocks With Enticing EV-to-EBITDA Ratios to Own Now
We have screened value stocks JKS, ENS, KT, BIP and GTES based on the EV-to-EBITDA ratio, which gives the true picture of valuation and earnings potential.
5 Value Stocks With Enticing EV-to-EBITDA Ratios to Own Now
Positive
Zacks Investment Research
1 month ago
Has Gates Industrial (GTES) Outpaced Other Industrial Products Stocks This Year?
Here is how Gates Industrial (GTES) and Kornit Digital (KRNT) have performed compared to their sector so far this year.
Has Gates Industrial (GTES) Outpaced Other Industrial Products Stocks This Year?
Positive
Seeking Alpha
1 month ago
Gates Industrial: Bullish Sentiment Continuing Due To Strong Momentum And Elevated EPS Growth
We initially doubled down on Gates Industrial Corporation due to growing profitability, improving margins, and a bullish technical pattern, resulting in a 34%+ return. Despite favorable sales mix and cost-saving initiatives, concerns remain about the sustainability of margin expansion in a negative sales environment. Management's significant stock buybacks raise questions about the long-term trajectory of earnings growth and capital efficiency.
Gates Industrial: Bullish Sentiment Continuing Due To Strong Momentum And Elevated EPS Growth
Positive
Zacks Investment Research
1 month ago
Gates Industrial (GTES) Upgraded to Buy: Here's What You Should Know
Gates Industrial (GTES) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Gates Industrial (GTES) Upgraded to Buy: Here's What You Should Know
Positive
Zacks Investment Research
2 months ago
How Should You Play Gates Stock as It Hits a New 52-Week High?
Is GTES' record high a rally to ride or a time to pause? Discover the key factors driving GTES stock momentum amid potential headwinds.
How Should You Play Gates Stock as It Hits a New 52-Week High?
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