Quantinno Capital Management LP Acquires 230,147 Shares of Gates Industrial Corporation PLC $GTES

Quantinno Capital Management LP lifted its position in Gates Industrial Corporation PLC (NYSE:GTES) by 12.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,101,565 shares of the company’s stock after purchasing an additional 230,147 shares during the period. Quantinno Capital Management LP’s holdings in Gates Industrial were worth $47,516,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Gates Industrial by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,546,581 shares of the company’s stock worth $261,040,000 after acquiring an additional 295,706 shares in the last quarter. JPMorgan Chase & Co. grew its position in Gates Industrial by 98.7% during the 4th quarter. JPMorgan Chase & Co. now owns 8,373,294 shares of the company’s stock worth $179,775,000 after purchasing an additional 4,158,341 shares during the last quarter. Invesco Ltd. increased its position in shares of Gates Industrial by 5.9% in the 4th quarter. Invesco Ltd. now owns 8,322,654 shares of the company’s stock valued at $178,687,000 after acquiring an additional 461,160 shares during the period. State Street Corp raised its stake in shares of Gates Industrial by 3.0% in the fourth quarter. State Street Corp now owns 7,971,572 shares of the company’s stock worth $171,150,000 after purchasing an additional 232,447 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Gates Industrial by 5.5% during the 4th quarter. Franklin Resources Inc. now owns 7,305,065 shares of the company’s stock worth $156,840,000 after buying an additional 381,896 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Gates Industrial Stock Down 6.1%

GTES stock opened at $24.82 on Thursday. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 25.85 and a beta of 1.25. The company has a fifty day moving average price of $26.59 and a 200 day moving average price of $25.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 2.66. Gates Industrial Corporation PLC has a 12 month low of $20.88 and a 12 month high of $29.17.

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 analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $851.10 million for the quarter, compared to analyst estimates of $859.72 million. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Sell-side analysts expect that Gates Industrial Corporation PLC will post 1.53 earnings per share for the current year.

Wall Street Analyst Weigh In

GTES has been the topic of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Gates Industrial in a research report on Monday, June 29th. Robert W. Baird lowered their price target on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Morgan Stanley upped their price objective on shares of Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Royal Bank Of Canada lifted their price target on Gates Industrial from $30.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Finally, Barclays lowered their price objective on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.36.

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.