Hantz Financial Services Inc. Purchases 28,280 Shares of Gates Industrial Corp PLC (NYSE:GTES)

Hantz Financial Services Inc. grew its position in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 50.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,253 shares of the company's stock after purchasing an additional 28,280 shares during the quarter. Hantz Financial Services Inc.'s holdings in Gates Industrial were worth $1,733,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of GTES. KBC Group NV grew its stake in Gates Industrial by 2,487.4% during the fourth quarter. KBC Group NV now owns 146,086 shares of the company's stock worth $3,005,000 after purchasing an additional 140,440 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Gates Industrial by 9.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 99,888 shares of the company's stock worth $2,055,000 after buying an additional 8,868 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new stake in shares of Gates Industrial during the 4th quarter worth approximately $1,665,000. Kera Capital Partners Inc. bought a new stake in shares of Gates Industrial in the 4th quarter valued at $205,000. Finally, Park Avenue Securities LLC lifted its position in shares of Gates Industrial by 29.1% during the 4th quarter. Park Avenue Securities LLC now owns 49,939 shares of the company's stock valued at $1,027,000 after acquiring an additional 11,251 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Gates Industrial Stock Up 1.4 %

Gates Industrial stock traded up $0.28 during trading on Tuesday, hitting $20.53. 2,299,652 shares of the company were exchanged, compared to its average volume of 2,041,489. The company has a market capitalization of $5.23 billion, a P/E ratio of 24.73 and a beta of 1.37. The business's 50 day moving average is $21.01 and its 200 day moving average is $19.21. Gates Industrial Corp PLC has a 52 week low of $12.40 and a 52 week high of $23.34. The company has a current ratio of 3.02, a quick ratio of 2.11 and a debt-to-equity ratio of 0.70.

Analyst Ratings Changes

GTES has been the subject of several research analyst reports. Jefferies Financial Group lifted their price target on shares of Gates Industrial from $23.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Citigroup decreased their target price on Gates Industrial from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada increased their price target on Gates Industrial from $22.00 to $26.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their target price on Gates Industrial from $21.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Finally, KeyCorp upped their target price on Gates Industrial from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Gates Industrial has an average rating of "Moderate Buy" and a consensus target price of $22.50.

Gates Industrial Company Profile

Gates Industrial Corporation PLC designs and manufactures power transmission equipment. Its products serves harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation.