Gates IndustrialGTES
Market Cap: $4.27B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
2,426% more call options, than puts
Call options by funds: $64.7M | Put options by funds: $2.56M
66% more repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 80
30% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 46
5% more funds holding
Funds holding: 283 [Q1] → 297 (+14) [Q2]
0.75% more ownership
Funds ownership: 102.11% [Q1] → 102.86% (+0.75%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
11% less capital invested
Capital invested by funds: $4.78B [Q1] → $4.25B (-$528M) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Morgan Stanley Chris Snyder 58% 1-year accuracy 7 / 12 met price target | 16%upside $19 | Equal-Weight Initiated | 6 Sept 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 35%upside $22 | Outperform Upgraded | 19 Aug 2024 |
Evercore ISI Group David Raso 31% 1-year accuracy 4 / 13 met price target | 2%downside $16 | In-Line Maintained | 19 Aug 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 23%upside $20 | Sector Perform Maintained | 1 Aug 2024 |
Baird Michael Halloran 27% 1-year accuracy 6 / 22 met price target | 35%upside $22 | Outperform Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 4 articles about GTES published over the past 30 days