1 week Ago By ABMN Staff
Pictet Asset Management Holding SA grew its holdings in Gates Industrial Corp PLC ( NYSE:GTES – Free Report ) by 28.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,536 shares of the company’s stock after buying an additional 7,414 shares during the quarter.
Pictet Asset Management Holding SA’s holdings in Gates Industrial were worth $690,000 at the end of the most recent reporting period. A number of other institutional investors have also made changes to their positions in GTES. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Gates Industrial by 91.
0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 563,407 shares of the company’s stock valued at $9,888,000 after acquiring an additional 268,484 shares in the last quarter. Benjamin Edwards Inc.
increased its holdings in shares of Gates Industrial by 69.1% in the third quarter. Benjamin Edwards Inc.
now owns 30,558 shares of the company’s stock valued at $536,000 after purchasing an additional 12,482 shares in the last quarter. HighTower Advisors LLC bought a new position in Gates Industrial in the 3rd quarter worth approximately $179,000. Quarry LP acquired a new position in Gates Industrial during the 3rd quarter worth $71,000.
Finally, Quantinno Capital Management LP boosted its position in Gates Industrial by 21.3% in the 3rd quarter. Quantinno Capital Management LP now owns 202,264 shares of the company’s stock valued at $3,550,000 after buying an additional 35,547 shares during the last quarter.
98.50% of the stock is owned by institutional investors. Analyst Ratings Changes GTES has been the subject of a number of recent research reports.
Barclays dropped their target price on Gates Industrial from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th.
Evercore ISI upped their target price on shares of 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 lowered their price target on shares of Gates Industrial from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th.
Royal Bank of Canada increased their price objective on shares of Gates Industrial from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, February 7th.
Finally, KeyCorp upped their target price on shares of Gates Industrial from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, February 7th.
Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.
Gates Industrial Stock Performance Shares of Gates Industrial stock opened at $16.04 on Tuesday. Gates Industrial Corp PLC has a 12 month low of $14.
70 and a 12 month high of $23.85. The company has a current ratio of 3.
20, a quick ratio of 2.26 and a debt-to-equity ratio of 0.72.
The company has a market capitalization of $4.10 billion, a PE ratio of 21.97 and a beta of 1.
24. The stock’s fifty day simple moving average is $20.40 and its 200 day simple moving average is $20.
18. Gates Industrial ( NYSE:GTES – Get Free Report ) last released its quarterly earnings data 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%. On average, research analysts predict that Gates Industrial Corp PLC will post 1.
36 EPS for the current year. Insider Buying and Selling In other news, Director Fredrik J. Eliasson acquired 60,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th.
The stock was acquired at an average cost of $19.56 per share, for a total transaction of $1,173,600.00.
Following the completion of the acquisition, the director now owns 188,452 shares in the company, valued at $3,686,121.12. This represents a 46.
71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . 2.
30% of the stock is currently owned by company insiders. Gates Industrial Company Profile ( Free Report ) 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.
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