London Co. of Virginia Has $30.31 Million Stake in Gates Industrial Corporation PLC $GTES

London Co. of Virginia lowered its holdings in Gates Industrial Corporation PLC (NYSE:GTES) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,411,837 shares of the company’s stock after selling 61,546 shares during the quarter. London Co. of Virginia owned about 0.56% of Gates Industrial worth $30,312,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. New York State Teachers Retirement System boosted its stake in Gates Industrial by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 85,748 shares of the company’s stock worth $1,841,000 after purchasing an additional 479 shares in the last quarter. Xponance LLC boosted its stake in Gates Industrial by 3.7% in the fourth quarter. Xponance LLC now owns 13,792 shares of the company’s stock worth $296,000 after purchasing an additional 486 shares in the last quarter. Glenmede Investment Management LP boosted its stake in Gates Industrial by 0.9% in the third quarter. Glenmede Investment Management LP now owns 55,047 shares of the company’s stock worth $1,366,000 after purchasing an additional 514 shares in the last quarter. Lido Advisors LLC boosted its stake in Gates Industrial by 3.8% in the fourth quarter. Lido Advisors LLC now owns 14,069 shares of the company’s stock worth $302,000 after purchasing an additional 521 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in Gates Industrial by 51.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock worth $34,000 after purchasing an additional 539 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

GTES has been the topic of a number of recent analyst reports. Wall Street Zen lowered Gates Industrial from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Morgan Stanley boosted their price objective on Gates Industrial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Weiss Ratings lowered Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Barclays reduced their price objective on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Finally, Robert W. Baird reduced their price objective 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. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gates Industrial has an average rating of “Moderate Buy” and an average price target of $31.00.

Gates Industrial Trading Up 1.3%

Shares of GTES opened at $27.70 on Wednesday. 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 12-month low of $20.88 and a 12-month high of $28.47. The firm has a market capitalization of $7.04 billion, a PE ratio of 28.86 and a beta of 1.27. The stock’s fifty day simple moving average is $25.43 and its 200-day simple moving average is $24.25.

Gates Industrial (NYSE:GTES) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, research analysts predict that Gates Industrial Corporation PLC will post 1.54 earnings per share for the current year.

Gates Industrial Company 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.