Savant Capital LLC Sells 117,815 Shares of Gates Industrial Corporation PLC $GTES

Savant Capital LLC reduced its stake in Gates Industrial Corporation PLC (NYSE:GTES) by 89.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,338 shares of the company’s stock after selling 117,815 shares during the quarter. Savant Capital LLC’s holdings in Gates Industrial were worth $286,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Gates Industrial by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 26,753,365 shares of the company’s stock worth $664,019,000 after acquiring an additional 1,281,339 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Gates Industrial by 5.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 14,169,457 shares of the company’s stock valued at $312,578,000 after purchasing an additional 717,353 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Gates Industrial by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 10,850,516 shares of the company’s stock valued at $269,308,000 after purchasing an additional 28,760 shares in the last quarter. Invesco Ltd. boosted its holdings in Gates Industrial by 3.0% during the third quarter. Invesco Ltd. now owns 7,861,494 shares of the company’s stock worth $195,122,000 after purchasing an additional 226,075 shares during the last quarter. Finally, State Street Corp grew its position in Gates Industrial by 2.4% in the 2nd quarter. State Street Corp now owns 7,346,884 shares of the company’s stock worth $169,199,000 after purchasing an additional 170,597 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Gates Industrial Stock Down 1.9%

Gates Industrial stock opened at $25.62 on Friday. The firm has a 50 day moving average price of $24.80 and a 200-day moving average price of $24.00. The company has a quick ratio of 2.66, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. Gates Industrial Corporation PLC has a twelve month low of $20.88 and a twelve month high of $28.47. The company has a market capitalization of $6.51 billion, a P/E ratio of 26.69 and a beta of 1.27.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Gates Industrial had a net margin of 7.23% and a return on equity of 10.00%. The company had revenue of $851.10 million for the quarter, compared to analysts’ expectations of $859.72 million. During the same quarter in the previous year, the firm posted $0.36 EPS. Gates Industrial’s revenue was up .4% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, equities analysts predict that Gates Industrial Corporation PLC will post 1.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on GTES. Citigroup lifted their target price on shares of Gates Industrial from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Wall Street Zen lowered Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. UBS Group reaffirmed a “buy” rating and set a $33.00 price target on shares of Gates Industrial in a research report on Friday, February 13th. Robert W. Baird dropped their price target on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, Barclays cut their price objective on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

About Gates Industrial

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.