NYSE:GTES Gates Industrial (GTES) Stock Price, News & Analysis $16.32 -0.35 (-2.10%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$16.24▼$16.9850-Day Range$15.23▼$18.5952-Week Range$10.68▼$19.07Volume2.21 million shsAverage Volume3.16 million shsMarket Capitalization$4.27 billionP/E Ratio17.93Dividend YieldN/APrice Target$19.40 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Gates Industrial alerts: Email Address Gates Industrial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside18.9% Upside$19.40 Price TargetShort InterestHealthy5.28% of Float Sold ShortDividend StrengthN/ASustainability-1.94Upright™ Environmental ScoreNews Sentiment0.47Based on 7 Articles This WeekInsider TradingAcquiring Shares$200,794 Bought Last QuarterProj. Earnings Growth16.39%From $1.22 to $1.42 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.56 out of 5 starsConstruction Sector10th out of 99 stocksGeneral Industrial Machinery & Equipment Industry2nd out of 9 stocks 3.3 Analyst's Opinion Consensus RatingGates Industrial has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageGates Industrial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Gates Industrial's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted5.28% of the float of Gates Industrial has been sold short.Short Interest Ratio / Days to CoverGates Industrial has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently decreased by 10.34%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldGates Industrial does not currently pay a dividend.Dividend GrowthGates Industrial does not have a long track record of dividend growth. Previous Next 1.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGates Industrial has received a -31.34% net impact score from Upright. The largest negative impact of Gates Industrial in category "GHG emissions" seems to be driven mostly by its "Belt drives", "Couplings", and "Rubber hoses" products. See details.Environmental SustainabilityThe Environmental Impact score for Gates Industrial is -1.94. Previous Next 1.4 News and Social Media Coverage News SentimentGates Industrial has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Gates Industrial this week, compared to 7 articles on an average week.MarketBeat FollowsOnly 1 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gates Industrial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $200,794.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 2.30% of the stock of Gates Industrial is held by insiders.Percentage Held by Institutions98.50% of the stock of Gates Industrial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Gates Industrial's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Gates Industrial are expected to grow by 16.39% in the coming year, from $1.22 to $1.42 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 17.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 17.93, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 21.56.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Gates Industrial's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. About Gates Industrial Stock (NYSE:GTES)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.Read More GTES Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTES Stock News HeadlinesAugust 28, 2024 | insidertrades.comGates Industrial Corp PLC (NYSE:GTES) Director Wilson S. Neely Acquires 11,952 SharesSeptember 6 at 9:04 AM | prnewswire.comGates Releases 2023 Corporate Sustainability ReportSeptember 7, 2024 | Crypto 101 Media (Ad)Perfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying with both fists. They know it's only a matter of time before another bull run. Now, Crypto Insiders Are Scooping up Lesser-Known Coins and Making Serious BankSeptember 2, 2024 | msn.comOn the way to optical logic gates: Study demonstrates the basics for purely optical processing of informationAugust 30, 2024 | bizjournals.comImeson Landing Business Park owners acquire $19.6 million industrial office parkAugust 30, 2024 | cnn.comTurkmenistan’s mysterious, flaming ‘Gates of Hell’August 27, 2024 | prnewswire.comGates Industrial to Participate in Morgan Stanley's 12th Annual Laguna ConferenceAugust 24, 2024 | finance.yahoo.comGates Industrial (NYSE:GTES) shareholders notch a 16% CAGR over 5 years, yet earnings have been shrinkingSeptember 7, 2024 | Crypto 101 Media (Ad)Perfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying with both fists. They know it's only a matter of time before another bull run. Now, Crypto Insiders Are Scooping up Lesser-Known Coins and Making Serious BankAugust 20, 2024 | msn.comRBC Capital Upgrades Gates Industrial (GTES)August 19, 2024 | benzinga.comBreaking Down Gates Industrial Corp: 6 Analysts Share Their ViewsAugust 17, 2024 | ca.finance.yahoo.comGTES Sep 2024 17.500 callAugust 16, 2024 | finance.yahoo.comGATES ANNOUNCES PRICING OF SECONDARY OFFERING OF 20,000,000 ORDINARY SHARESAugust 15, 2024 | stockhouse.comGATES ANNOUNCES SECONDARY OFFERING OF 20,000,000 ORDINARY SHARESAugust 15, 2024 | msn.comGates Industrial says Blackstone affiliates selling 20M shares in secondaryAugust 12, 2024 | msn.comShould You Invest in Gates Industrial Corporation plc (GTES)?August 3, 2024 | finance.yahoo.comReturns On Capital Are Showing Encouraging Signs At Gates Industrial (NYSE:GTES)August 1, 2024 | finanznachrichten.deGates Industrial Corporation plc: Gates Industrial Reports Second-Quarter 2024 ResultsSee More Headlines Receive GTES Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gates Industrial and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/31/2024Today9/07/2024Next Earnings (Estimated)11/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction Industry General industrial machinery & equipment Sub-IndustryN/A Current SymbolNYSE:GTES CUSIPN/A CIK1718512 Webwww.gates.com Phone303-744-1911FaxN/AEmployees14,700Year FoundedN/APrice Target and Rating Average Stock Price Target$19.40 High Stock Price Target$22.00 Low Stock Price Target$16.00 Potential Upside/Downside+18.9%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio17.93 Forward P/E Ratio13.38 P/E GrowthN/ANet Income$232.90 million Net Margins7.24% Pretax Margin9.45% Return on Equity10.27% Return on Assets5.03% Debt Debt-to-Equity Ratio0.68 Current Ratio3.11 Quick Ratio2.20 Sales & Book Value Annual Sales$3.48 billion Price / Sales1.22 Cash Flow$1.94 per share Price / Cash Flow8.40 Book Value$13.36 per share Price / Book1.22Miscellaneous Outstanding Shares261,380,000Free Float255,368,000Market Cap$4.27 billion OptionableOptionable Beta1.44 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesDavid L. Calhoun (Age 60)Chairman of the Board Ivo Jurek (Age 53)Chief Executive Officer, Director David H. Naemura (Age 48)Chief Financial Officer Walter T. Lifsey (Age 59)Chief Operating Officer Jamey S. Seely (Age 46)Executive Vice President, General Counsel, Corporate Secretary Roger C. Gaston (Age 61)Executive Vice President of Human Resources Gregory F. Kirchhoff (Age 59)Senior Vice President - Corporate Controller John C. Plant (Age 64)Director Julia C. Kahr (Age 39)Independent Director Terry A. Klebe (Age 62)Independent Director More ExecutivesKey CompetitorsZebra TechnologiesNASDAQ:ZBRAZurn Elkay Water SolutionsNYSE:ZWSEnerflexNYSE:EFXTGrahamNYSE:GHMTwin DiscNASDAQ:TWINView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 35,637 shares on 9/5/2024Ownership: 0.014%Maven Securities LTDSold 26,500 shares on 8/29/2024Ownership: 0.005%Kestra Investment Management LLCBought 30,012 shares on 8/28/2024Ownership: 0.011%Truist Financial CorpBought 71,252 shares on 8/21/2024Ownership: 0.119%Wilson S NeelyBought 11,952 shares on 8/21/2024Total: $200,793.60 ($16.80/share)View All Insider TransactionsView All Institutional Transactions GTES Stock Analysis - Frequently Asked Questions How have GTES shares performed this year? Gates Industrial's stock was trading at $13.42 on January 1st, 2024. Since then, GTES shares have increased by 21.6% and is now trading at $16.32. View the best growth stocks for 2024 here. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) posted its quarterly earnings data on Wednesday, July, 31st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $885.50 million for the quarter, compared to analyst estimates of $893 million. Gates Industrial had a trailing twelve-month return on equity of 10.27% and a net margin of 7.24%. What is Ivo Jurek's approval rating as Gates Industrial's CEO? 108 employees have rated Gates Industrial Chief Executive Officer Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among the company's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. When did Gates Industrial IPO? Gates Industrial (GTES) raised $751 million in an initial public offering on Thursday, January 25th 2018. The company issued 38,500,000 shares at a price of $18.00-$21.00 per share. Citigroup, Morgan Stanley and UBS Investment Bank served as the underwriters for the IPO and Barclays, Credit Suisse, Goldman Sachs, RBC Capital Markets, Blackstone Capital Markets, Deutsche Bank Securities, Wells Fargo Securities Current Capital Securities, KeyBanc Capital Markets, Siebert Cisneros Shank, SunTrust Robinson Humphrey, Academy Securities, BTIG and Guggenheim Securities were co-managers. Who are Gates Industrial's major shareholders? Top institutional shareholders of Gates Industrial include Allspring Global Investments Holdings LLC (5.60%), Dimensional Fund Advisors LP (4.56%), AQR Capital Management LLC (3.05%) and American Century Companies Inc. (2.08%). Insiders that own company stock include Neil P Simpkins, Ivo Jurek, Aggregator (Cayman) LP Omaha, Blackstone Inc, Fredrik J Eliasson and Wilson S Neely. View institutional ownership trends. How do I buy shares of Gates Industrial? Shares of GTES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Gates Industrial own? Based on aggregate information from My MarketBeat watchlists, some other companies that Gates Industrial investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), B2Gold (BTG) and Novavax (NVAX). This page (NYSE:GTES) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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