Gates Industrial (NYSE:GTES) Stock Price Breaks Above 200-Day Moving Average – Here’s Why

Gates Industrial Corporation PLC (NYSE:GTES)’s share price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $25.71 and traded as high as $25.99. Gates Industrial shares last traded at $25.8330, with a volume of 1,915,496 shares changing hands.

Wall Street Analysts Forecast Growth

GTES has been the subject of several recent research reports. KeyCorp lifted their price objective on shares of Gates Industrial from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Citigroup boosted their price objective on Gates Industrial from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. DA Davidson started coverage on Gates Industrial in a research note on Tuesday, September 1st. They issued a “neutral” rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Gates Industrial from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, Weiss Ratings cut Gates Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.45.

Gates Industrial Stock Performance

The stock’s 50-day simple moving average is $26.10 and its two-hundred day simple moving average is $25.73. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 18.60 and a beta of 1.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.36 and a current ratio of 3.24.

Gates Industrial (NYSE:GTES) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%. The company had revenue of $941.60 million for the quarter, compared to the consensus estimate of $927.28 million. During the same period in the previous year, the business posted $0.39 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. Analysts forecast that Gates Industrial Corporation PLC will post 1.58 earnings per share for the current year.

Insider Activity at Gates Industrial

In related news, Director Peifang Zhang sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $29.56, for a total value of $177,360.00. Following the completion of the transaction, the director directly owned 44,044 shares of the company’s stock, valued at $1,301,940.64. This trade represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Gates Industrial in the 3rd quarter valued at about $34,000. Fifth Third Bancorp boosted its stake in shares of Gates Industrial by 46.3% in the 1st quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock valued at $37,000 after purchasing an additional 514 shares during the last quarter. Parallel Advisors LLC grew its holdings in Gates Industrial by 37.7% during the 1st quarter. Parallel Advisors LLC now owns 2,536 shares of the company’s stock worth $57,000 after acquiring an additional 694 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Gates Industrial in the second quarter worth approximately $120,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Gates Industrial by 21.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,064 shares of the company’s stock valued at $159,000 after acquiring an additional 1,089 shares during the period. Institutional investors own 98.50% of the company’s stock.

Gates Industrial Company Profile

Gates Industrial Corporation plc (NYSE: GTES) is a manufacturer of engineered power transmission and fluid power products. The company develops solutions designed to transfer power, control motion, and manage the flow of fluids in industrial and mobile applications.

Its product portfolio includes synchronous and V-belts, belt drives, hoses, hydraulic assemblies, couplings, tensioners, pulleys, and related components. Gates serves original equipment manufacturers, distributors, and aftermarket customers across industries such as automotive, agriculture, construction, energy, manufacturing, and general industrial equipment.

The company traces its roots to the Gates Rubber Company, founded in 1911 in Denver, Colorado.