Gates Industrial Corporation plc (NYSE: GTES) is -12.59% lower on its value in year-to-date trading and has touched a low of $14.70 and a high of $23.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GTES stock was last observed hovering at around $18.05 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $17.98, the stock is 4.02% and -5.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.08 million and changing -0.39% at the moment leaves the stock -6.35% off its SMA200. GTES registered 3.04% gain for a year compared to 6-month loss of -2.92%. The firm has a 50-day simple moving average (SMA 50) of $19.0958 and a 200-day simple moving average (SMA200) of $19.19945.
The stock witnessed a -2.39% gain in the last 1 month and extending the period to 3 months gives it a -11.21%, and is 6.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.77% over the week and 6.05% over the month.
Gates Industrial Corporation plc (GTES) has around 14100 employees, a market worth around $4.63B and $3.41B in sales. Current P/E ratio is 24.37 and Fwd P/E is 10.82. Profit margin for the company is 5.74%. Distance from 52-week low is 22.35% and -24.61% from its 52-week high. The company has generated returns on investments over the last 12 months (3.58%).
with sales reaching $823.56M over the same period.The EPS is expected to grow by 1.82% this year, but quarterly earnings will post -1.05% year-over-year. Quarterly sales are estimated to shrink -4.53% in year-over-year returns.
Gates Industrial Corporation plc (GTES) Top Institutional Holders
484.0 institutions hold shares in Gates Industrial Corporation plc (GTES), with institutional investors hold 110.16% of the company’s shares. The shares outstanding are 255.20M, and float is at 253.16M with Short Float at 3.36%. Institutions hold 108.58% of the Float.
The top institutional shareholder in the company is BLACKSTONE INC. with over 51.88 million shares valued at $820.17 million. The investor’s holdings represent 19.8427% of the GTES Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 20.36 million shares valued at $321.96 million to account for 7.7892 of the shares outstanding. The other top investors are ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC which holds 14.63 million shares representing 5.5944% and valued at over $231.24 million, while FMR LLC holds 4.7799 of the shares totaling 12.5 million with a market value of $197.57 million.
Gates Industrial Corporation plc (GTES) Insider Activity
The most recent transaction is an insider purchase by Eliasson Fredrik J, the company’s Director. SEC filings show that Eliasson Fredrik J bought 60,000 shares of the company’s common stock on Mar 07 ’25 at a price of $19.56 per share for a total of $1.17 million. Following the purchase, the insider now owns 0.19 million shares.
Still, SEC filings show that on Nov 25 ’24, BX Gates ML-4 Holdco LLC Proposed Sale 64,602 shares at an average price of $21.39 for $1.38 million. The insider now directly holds shares of Gates Industrial Corporation plc (GTES).
