NYSE:GTES Gates Industrial (GTES) Stock Price, News & Analysis → “Crash Insurance” For Your Retirement (From Unstoppable Prosperity) (Ad) Free GTES Stock Alerts $16.57 +0.11 (+0.67%) (As of 05/8/2024 ET) Add Compare Share Share Today's Range$16.29▼$16.7550-Day Range$14.71▼$17.7852-Week Range$10.68▼$17.99Volume1.97 million shsAverage Volume2.81 million shsMarket Capitalization$4.33 billionP/E Ratio18.21Dividend YieldN/APrice Target$18.88 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Gates Industrial alerts: Email Address Gates Industrial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside13.9% Upside$18.88 Price TargetShort InterestHealthy4.43% of Float Sold ShortDividend StrengthN/ASustainability-1.94Upright™ Environmental ScoreNews Sentiment0.27Based on 17 Articles This WeekInsider TradingSelling Shares$292.28 M Sold Last QuarterProj. Earnings Growth18.94%From $1.32 to $1.57 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.62 out of 5 starsConstruction Sector3rd out of 102 stocksGeneral Industrial Machinery & Equipment Industry1st out of 8 stocks 3.4 Analyst's Opinion Consensus RatingGates Industrial has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageGates Industrial has been the subject of 7 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. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.43% 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 2.9, 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 7.97%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldGates Industrial does not currently pay a dividend.Dividend GrowthGates Industrial does not have a long track record of dividend growth. Previous Next 1.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGates Industrial has received a -31.34% net impact score from Upright. The largest negative impact of Gates Industrial in category "GHG emissions" seems to be driven mostly by its "Belt drives", "Couplings", and "Rubber hoses" products. See details.Environmental SustainabilityThe Environmental Impact score for Gates Industrial is -1.94. Previous Next 2.4 News and Social Media Coverage News SentimentGates Industrial has a news sentiment score of 0.27. 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 lower news sentiment than the 0.63 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Gates Industrial this week, compared to 8 articles on an average week.Search InterestOnly 2 people have searched for GTES on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows5 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gates Industrial insiders have sold 2,222.96% more of their company's stock than they have bought. Specifically, they have bought $12,582,402.00 in company stock and sold $292,284,244.00 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. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Gates Industrial are expected to grow by 18.94% in the coming year, from $1.32 to $1.57 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 18.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 18.21, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 25.02.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.23. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Crash Insurance” For Your RetirementWhen it comes to retirement, everyone fears one thing… Outliving their retirement savings. You'll discover conservative, beginner-friendly options strategies which could help to cash flow your stock portfolio. Click here to register for free. About Gates Industrial Stock (NYSE:GTES)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.Read More GTES Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTES Stock News HeadlinesMay 8, 2024 | theguardian.comE-gates back online after chaos at Heathrow and other UK airportsMay 8, 2024 | theguardian.comE-gates ‘back online’ after chaos at Heathrow and other UK airportsMay 8, 2024 | InvestorPlace (Ad)$21,000 in profits in six weeks? On Wednesday, May 8, the legendary Jonathan Rose is holding his first ever Masters in Trading Summit. Jonathan is one of the sharpest traders I’ve ever met. He made millions trading in the pits of the world’s largest exchanges.May 7, 2024 | msn.comBill Gates-backed tech company seeks Chapter 11 bankruptcy saleMay 6, 2024 | markets.businessinsider.comBarclays Keeps Their Hold Rating on Gates Industrial (GTES)May 6, 2024 | americanbankingnews.comGates Industrial (NYSE:GTES) Price Target Raised to $26.00May 4, 2024 | finance.yahoo.comGates Industrial Corporation plc Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowMay 3, 2024 | reuters.comFact Check: Musk quote on imprisoning Gates stems from satireMay 8, 2024 | InvestorPlace (Ad)$21,000 in profits in six weeks? On Wednesday, May 8, the legendary Jonathan Rose is holding his first ever Masters in Trading Summit. Jonathan is one of the sharpest traders I’ve ever met. He made millions trading in the pits of the world’s largest exchanges.May 3, 2024 | finance.yahoo.comGates Industrial First Quarter 2024 Earnings: EPS Misses ExpectationsMay 2, 2024 | markets.businessinsider.comRBC Capital Reaffirms Their Hold Rating on Gates Industrial (GTES)May 2, 2024 | markets.businessinsider.comIn-Depth Examination Of 10 Analyst Recommendations For Gates Industrial CorpMay 2, 2024 | finance.yahoo.comGates Industrial Corporation plc (NYSE:GTES) Q1 2024 Earnings Call TranscriptMay 2, 2024 | finance.yahoo.comQ1 2024 Gates Industrial Corporation PLC Earnings CallMay 2, 2024 | finance.yahoo.comGates Industrial Corp PLC (GTES) Q1 2024 Earnings Call Transcript Highlights: Strategic Moves ...May 2, 2024 | gurufocus.comQ1 2024 Gates Industrial Corporation PLC Earnings Call TranscriptMay 1, 2024 | msn.comGates Industrial Non-GAAP EPS of $0.31 misses by $0.01, revenue of $862.6M misses by $6.86MMay 1, 2024 | finance.yahoo.comGates Industrial Corp PLC Reports Mixed Q1 2024 Results, Misses Earnings EstimatesMay 1, 2024 | seekingalpha.comGates Industrial Corporation plc 2024 Q1 - Results - Earnings Call PresentationMay 1, 2024 | prnewswire.comGates Industrial Reports First-Quarter 2024 ResultsApril 30, 2024 | markets.businessinsider.comHere's what to expect from Gates Industrial's earningsApril 24, 2024 | finance.yahoo.comWith 69% ownership, Gates Industrial Corporation plc (NYSE:GTES) boasts of strong institutional backingApril 17, 2024 | tmcnet.comUS Industrial Valve Market to Reach $11.02 Billion by 2029 - Gate Valves Leading the Market - Exclusive Focus Insight Report by AriztonApril 17, 2024 | msn.comGates Industrial (GTES) Price Target Increased by 9.50% to 19.99April 17, 2024 | finance.yahoo.comDoes Gates Industrial Corp. PLC (GTES) Have an Opportunity to Re-rate?April 16, 2024 | markets.businessinsider.comEvaluating Gates Industrial Corp: Insights From 9 Financial AnalystsApril 15, 2024 | sfgate.comOffer Arrives Quickly for Bill Gates' $5M Washington HomeSee More Headlines 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 Company Calendar Last Earnings2/08/2024Today5/08/2024Next Earnings (Estimated)8/02/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction 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$18.88 High Stock Price Target$26.00 Low Stock Price Target$14.00 Potential Upside/Downside+12.6%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio18.32 Forward P/E Ratio12.63 P/E GrowthN/ANet Income$232.90 million Net Margins6.97% Pretax Margin9.05% Return on Equity10.52% Return on Assets5.08% Debt Debt-to-Equity Ratio0.69 Current Ratio3.06 Quick Ratio2.15 Sales & Book Value Annual Sales$3.57 billion Price / Sales1.22 Cash Flow$2.23 per share Price / Cash Flow7.49 Book Value$13.42 per share Price / Book1.24Miscellaneous Outstanding Shares261,380,000Free Float255,368,000Market Cap$4.36 billion OptionableOptionable Beta1.54 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesDavid L. Calhoun (Age 60)Chairman of the Board Ivo Jurek (Age 53)Chief Executive Officer, Director David H. Naemura (Age 48)Chief Financial Officer Walter T. Lifsey (Age 59)Chief Operating Officer Jamey S. Seely (Age 46)Executive Vice President, General Counsel, Corporate Secretary Roger C. Gaston (Age 61)Executive Vice President of Human Resources Gregory F. Kirchhoff (Age 59)Senior Vice President - Corporate Controller John C. Plant (Age 64)Director Julia C. Kahr (Age 39)Independent Director Terry A. Klebe (Age 62)Independent Director More ExecutivesKey CompetitorsArcosaNYSE:ACADycom IndustriesNYSE:DYRayonierNYSE:RYNKnife RiverNYSE:KNFSkyline ChampionNYSE:SKYView All CompetitorsInsiders & InstitutionsParadice Investment Management LLCSold 592,888 shares on 5/8/2024Ownership: 0.711%US Bancorp DEBought 18,495 shares on 5/8/2024Ownership: 0.023%Sei Investments Co.Sold 6,746 shares on 5/7/2024Ownership: 0.526%Oppenheimer Asset Management Inc.Sold 7,978 shares on 5/7/2024Ownership: 0.021%Tectonic Advisors LLCBought 17,357 shares on 5/7/2024Ownership: 0.007%View All Insider TransactionsView All Institutional Transactions GTES Stock Analysis - Frequently Asked Questions Should I buy or sell Gates Industrial stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GTES shares. View GTES analyst ratings or view top-rated stocks. What is Gates Industrial's stock price target for 2024? 7 Wall Street research analysts have issued 12 month price targets for Gates Industrial's stock. Their GTES share price targets range from $14.00 to $26.00. On average, they predict the company's share price to reach $18.88 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price. View analysts price targets for GTES or view top-rated stocks among Wall Street analysts. How have GTES shares performed in 2024? Gates Industrial's stock was trading at $13.42 at the start of the year. Since then, GTES stock has increased by 23.5% and is now trading at $16.57. View the best growth stocks for 2024 here. Are investors shorting Gates Industrial? Gates Industrial saw a increase in short interest in March. As of March 31st, there was short interest totaling 7,780,000 shares, an increase of 7.3% from the March 15th total of 7,250,000 shares. Based on an average trading volume of 3,000,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 4.1% of the company's stock are short sold. View Gates Industrial's Short Interest. When is Gates Industrial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, August 2nd 2024. View our GTES earnings forecast. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) posted its quarterly earnings data on Thursday, February, 8th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.10. The company earned $863.30 million during the quarter, compared to analyst estimates of $892.40 million. Gates Industrial had a trailing twelve-month return on equity of 10.52% and a net margin of 6.97%. What ETFs hold Gates Industrial's stock? ETFs with the largest weight of Gates Industrial (NYSE:GTES) stock in their portfolio include Adaptiv Select ETF (ADPV), Brandes U.S. Value ETF (BUSA), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Gotham 1000 Value ETF (GVLU) and Dimensional US Small Cap Value ETF (DFSV).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ). What guidance has Gates Industrial issued on next quarter's earnings? Gates Industrial updated its FY24 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of $1.28-1.43 for the period, compared to the consensus estimate of $1.42. The company issued revenue guidance of (3%) to 1% to $3.46-3.61 billion, compared to the consensus revenue estimate of $3.57 billion. What is Ivo Jurek's approval rating as Gates Industrial's CEO? 108 employees have rated Gates Industrial Chief Executive Officer Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among the company's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Gates Industrial own? Based on aggregate information from My MarketBeat watchlists, some companies that other Gates Industrial investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), B2Gold (BTG), Novavax (NVAX), Intel (INTC), Pure Storage (PSTG) and Boeing (BA). When did Gates Industrial IPO? Gates Industrial (GTES) raised $751 million in an initial public offering 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 acted 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? Gates Industrial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (5.58%), LSV Asset Management (1.32%), Paradice Investment Management LLC (0.71%), Confluence Investment Management LLC (0.61%), Sei Investments Co. (0.53%) and Leeward Investments LLC MA (0.44%). Insiders that own company stock include Aggregator (Cayman) LP Omaha, Blackstone Inc, Fredrik J Eliasson, Ivo Jurek, Neil P Simpkins 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. This page (NYSE:GTES) was last updated on 5/8/2024 by MarketBeat.com Staff From Our PartnersThe #1 Biotech Stock to Watch in 2024 is Attacking Viruses in a Unique WaySmallcaps DailyTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaAI “wealth window” is closing June 25thParadigm PressForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill PublishingHe Is Giving Away BitcoinCrypto Swap ProfitsGold Set to EXPLODE!Gold Safe ExchangeCharles Payne Demystifies OptionsUnstoppable ProsperityShocking: One AI startup's revenue could surge 4,735%Manward Press Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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