Gates Industrial (GTES) News Today

Gates Industrial Corp PLC (NYSE:GTES - Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 8,690,000 shares, an increase of 11.7% from the September 15th total of 7,780,000 shares. Based on an average daily trading volume, of 3,460,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.4% of the shares of the stock are short sold.

Sanctuary Advisors LLC bought a new position in shares of Gates Industrial Corp PLC (NYSE:GTES - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,637 shares of the company

Gates Industrial Corp PLC (NYSE:GTES - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommen

Truist Financial Corp increased its position in shares of Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 29.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 311,124 shares of the company's

Handelsbanken Fonder AB lifted its stake in shares of Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 5.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,242,600 shares of the company's stock after purchasing

Kestra Investment Management LLC bought a new position in Gates Industrial Corp PLC (NYSE:GTES - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,012 shares of the company's stock, valued at approximately $474,000. A number

Brandes Investment Partners LP grew its position in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 19.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,054,854 shares of the company's stock af

Cubist Systematic Strategies LLC lessened its position in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 73.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 206,934 shares of the company's stock after selling 577,845 shares during the period. Cubist Sy

Point72 Asset Management L.P. lifted its stake in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 27.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,463,669 shares of the company's stock after acquiring an additional 31

Dark Forest Capital Management LP lifted its position in shares of Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 286.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,797 shares of the company's

Fred Alger Management LLC increased its holdings in shares of Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 156.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,665,632 shares of t

Renaissance Technologies LLC grew its holdings in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 27.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 677,700 shares of the company's stock after purchasing an additio

Seven Eight Capital LP acquired a new stake in shares of Gates Industrial Corp PLC (NYSE:GTES - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 60,842 shares of the company's stock, valued at approxima

Dimensional Fund Advisors LP increased its position in shares of Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 9.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,921,356 shares of the company's stock after bu

Rhumbline Advisers increased its stake in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 20.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 201,576 shares of the company's stock after buying an additional 34,167 shares during the quarter. Rhumb

Diamond Hill Capital Management Inc. lessened its position in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,312,472 shares of the comp

Jupiter Asset Management Ltd. increased its stake in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 32.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,183,957 shares of the company's stock after purchasing an additional 291,263 share

Varma Mutual Pension Insurance Co lowered its stake in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 50.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531,400 shares of the company's

LSV Asset Management raised its holdings in shares of Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 19.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,137,951 shares of

Morgan Stanley began coverage on Gates Industrial in a research note on Friday. They set an "equal weight" rating and a $19.00 price target for the company.

Cooke & Bieler LP decreased its holdings in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,077,960 shares of the company's stock after selling 672,239 shares during the quarter

Paradice Investment Management LLC trimmed its position in Gates Industrial Corp PLC (NYSE:GTES - Free Report) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,826,081 shares of the company's stock after selling 31,171 shares during the per

Gates Industrial Corp PLC (NYSE:GTES - Get Free Report) saw a large decline in short interest in August. As of August 15th, there was short interest totalling 11,790,000 shares, a decline of 10.3% from the July 31st total of 13,150,000 shares. Based on an average daily volume of 3,730,000 shares, the short-interest ratio is currently 3.2 days. Approximately 5.3% of the shares of the stock are sold short.