Seizert Capital Partners LLC Buys 41,611 Shares of Gates Industrial Corp PLC (NYSE:GTES)

Seizert Capital Partners LLC raised its position in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,263 shares of the company's stock after buying an additional 41,611 shares during the quarter. Seizert Capital Partners LLC owned about 0.09% of Gates Industrial worth $4,654,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GTES. Assetmark Inc. raised its stake in shares of Gates Industrial by 2,968.6% during the 4th quarter. Assetmark Inc. now owns 1,565 shares of the company's stock valued at $32,000 after purchasing an additional 1,514 shares during the period. Versant Capital Management Inc increased its position in shares of Gates Industrial by 178.3% during the fourth quarter. Versant Capital Management Inc now owns 2,494 shares of the company's stock valued at $51,000 after buying an additional 1,598 shares during the period. Venturi Wealth Management LLC increased its position in shares of Gates Industrial by 35.9% during the third quarter. Venturi Wealth Management LLC now owns 3,079 shares of the company's stock valued at $54,000 after buying an additional 814 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Gates Industrial by 38.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,622 shares of the company's stock valued at $54,000 after acquiring an additional 724 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Gates Industrial in the third quarter valued at approximately $67,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Remove Ads

Gates Industrial Trading Down 0.4 %

NYSE:GTES traded down $0.08 during trading hours on Friday, reaching $19.87. The company's stock had a trading volume of 3,506,310 shares, compared to its average volume of 2,923,830. The firm has a 50-day simple moving average of $21.06 and a 200-day simple moving average of $19.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.26 and a current ratio of 3.20. Gates Industrial Corp PLC has a 1 year low of $15.14 and a 1 year high of $23.85. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 27.22 and a beta of 1.37.

Gates Industrial (NYSE:GTES - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. Gates Industrial had a return on equity of 9.75% and a net margin of 5.72%. Research analysts expect that Gates Industrial Corp PLC will post 1.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on GTES shares. Jefferies Financial Group raised their price target on shares of Gates Industrial from $23.00 to $26.00 and gave the company a "buy" rating in a report on Friday, December 6th. KeyCorp boosted their target price on Gates Industrial from $23.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Evercore ISI lifted their price target on Gates Industrial from $22.00 to $23.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group upped their price objective on shares of Gates Industrial from $21.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Finally, Citigroup dropped their target price on shares of Gates Industrial from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.90.

Gates Industrial 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.