Gates IndustrialGTES
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. Company operates in USA, United Kingdom, Luxembourg, EMEA, with majority revenue from USA.
Employees: 14,100
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
85% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 33
71% more call options, than puts
Call options by funds: $10.4M | Put options by funds: $6.07M
40% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 97
18% more capital invested
Capital invested by funds: $4.73B [Q3] → $5.6B (+$865M) [Q4]
3.98% more ownership
Funds ownership: 103.05% [Q3] → 107.03% (+3.98%) [Q4]
4% more funds holding
Funds holding: 312 [Q3] → 324 (+12) [Q4]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Evercore ISI Group David Raso 85% 1-year accuracy 17 / 20 met price target | 3%upside $23 | In-Line Maintained | 19 Feb 2025 |
Barclays Julian Mitchell 55% 1-year accuracy 63 / 115 met price target | 21%upside $27 | Overweight Maintained | 14 Feb 2025 |
RBC Capital Deane Dray 47% 1-year accuracy 27 / 57 met price target | 21%upside $27 | Outperform Maintained | 7 Feb 2025 |
Keybanc Jeffrey Hammond 54% 1-year accuracy 20 / 37 met price target | 21%upside $27 | Overweight Maintained | 7 Feb 2025 |
Citigroup Andrew Kaplowitz 54% 1-year accuracy 44 / 81 met price target | 8%upside $24 | Buy Maintained | 13 Jan 2025 |
Financial journalist opinion
Based on 5 articles about GTES published over the past 30 days
