NYSE:GTES Gates Industrial (GTES) Stock Price, News & Analysis $20.78 +0.05 (+0.24%) (As of 11/15/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Gates Industrial Stock (NYSE:GTES) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Gates Industrial alerts:Sign Up Key Stats Today's Range$20.56▼$20.8650-Day Range$16.35▼$21.3552-Week Range$11.22▼$21.54Volume3.13 million shsAverage Volume3.07 million shsMarket Capitalization$5.29 billionP/E Ratio25.04Dividend YieldN/APrice Target$20.30Consensus RatingModerate Buy Company OverviewGates 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… Breaking News: Tesla headed to $500… (Ad)That headline hit late last night…and the rally has begun Which is why we want to urge you to go ahead and download Lance’s e-Book now outlining his bullish case for Tesla. So to claim your free digital copy today, simply follow this link and enter your email address. Gates Industrial Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks83rd Percentile Overall ScoreGTES MarketRank™: Gates Industrial scored higher than 83% of companies evaluated by MarketBeat, and ranked 47th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.3 / 5Analyst RatingModerate Buy 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. Earnings and Valuation1.9 / 5Proj. Earnings Growth14.40% Earnings GrowthEarnings for Gates Industrial are expected to grow by 14.40% in the coming year, from $1.25 to $1.43 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 25.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 25.04, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.19.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.53. 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted4.83% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently increased by 27.81%, indicating that investor sentiment is decreasing significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldGates Industrial does not currently pay a dividend.Dividend GrowthGates Industrial does not have a long track record of dividend growth. Sustainability and ESG1.4 / 5Environmental Score-1.94 Percentage of Shares Shorted4.83% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently increased by 27.81%, indicating that investor sentiment is decreasing significantly. News and Social Media4.0 / 5News Sentiment1.12 News SentimentGates Industrial has a news sentiment score of 1.12. 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 higher news sentiment than the 0.65 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Gates Industrial this week, compared to 8 articles on an average week.Search Interest2 people have searched for GTES on MarketBeat in the last 30 days. MarketBeat Follows1 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. Company Ownership3.3 / 5Insider TradingAcquiring Shares 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. 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 GTES Stock News HeadlinesPay offer being considered by health unionsNovember 14 at 9:11 PM | msn.comRep. Josh Gottheimer Purchases Shares of Gates Industrial Corp PLC (NYSE:GTES)November 9, 2024 | americanbankingnews.comThis Bull Market Indicator called NVDA at $116Every now and again we find an investment idea so incredible we can’t help but share. 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In fact, on that very day, it said to buy NVDA at $116.37… Anyone who did would be sitting on a tremendously large return today… But even if you missed the original buy signal from October, this incredible indicator issued 11 other buy signals while Nvidia made its epic run…November 15, 2024 | WealthPress (Ad)Gates Industrial (NYSE:GTES) Hits New 1-Year High After Analyst UpgradeNovember 7, 2024 | americanbankingnews.comStocks roar out of the gate after Donald Trump election winNovember 6, 2024 | msn.comAnalysts Have Conflicting Sentiments on These Industrial Goods Companies: Regal Rexnord (RRX) and Gates Industrial (GTES)November 6, 2024 | markets.businessinsider.comGates Industrial price target raised to $21 from $16 at BarclaysNovember 6, 2024 | markets.businessinsider.comTimken (TKR) To Report Earnings Tomorrow: Here Is What To ExpectNovember 5, 2024 | finance.yahoo.comSee More Headlines GTES Stock Analysis - Frequently Asked Questions How have GTES shares performed this year? Gates Industrial's stock was trading at $13.42 at the beginning of 2024. Since then, GTES stock has increased by 54.9% and is now trading at $20.7850. View the best growth stocks for 2024 here. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) released its earnings results on Sunday, November, 7th. The company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. Gates Industrial's revenue was up 21.1% on a year-over-year basis. Is Gates Industrial doing a stock buyback? Gates Industrial's Board of Directors authorized a stock repurchase program on Wednesday, July 31st 2024, which permits the company to buy back $250,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued. When did Gates Industrial IPO? Gates Industrial (GTES) raised $751 million in an initial public offering (IPO) 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 (5.71%), FMR LLC (5.13%), State Street Corp (2.56%) and Janus Henderson Group PLC (2.55%). 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), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and Arista Networks (ANET). Company Calendar Last Earnings11/07/2021Today11/15/2024Fiscal Year End12/31/2024Next Earnings (Estimated)2/13/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorIndustrial Products 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$20.30 High Stock Price Target$22.00 Low Stock Price Target$16.00 Potential Upside/Downside-2.3%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$0.83 Trailing P/E Ratio25.04 Forward P/E Ratio16.63 P/E GrowthN/ANet Income$232.90 million Net Margins6.43% Pretax Margin9.06% Return on Equity9.94% Return on Assets4.89% Debt Debt-to-Equity Ratio0.70 Current Ratio3.02 Quick Ratio2.11 Sales & Book Value Annual Sales$3.57 billion Price / Sales1.48 Cash Flow$2.17 per share Price / Cash Flow9.56 Book Value$13.57 per share Price / Book1.53Miscellaneous Outstanding Shares254,720,000Free Float248,859,000Market Cap$5.29 billion OptionableOptionable Beta1.38 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? 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