1 week Ago By ABMN Staff
Mariner LLC boosted its stake in shares of Gates Industrial Corp PLC ( NYSE:GTES – Free Report ) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,097 shares of the company’s stock after purchasing an additional 1,052 shares during the quarter.
Mariner LLC’s holdings in Gates Industrial were worth $989,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Gates Industrial by 48.
9% during the 4th quarter. FMR LLC now owns 19,442,436 shares of the company’s stock worth $399,931,000 after buying an additional 6,383,165 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Gates Industrial by 4.
1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,546,064 shares of the company’s stock worth $317,461,000 after acquiring an additional 616,687 shares during the last quarter. Invesco Ltd.
boosted its holdings in Gates Industrial by 2.3% during the fourth quarter. Invesco Ltd.
now owns 7,406,630 shares of the company’s stock valued at $152,354,000 after acquiring an additional 168,328 shares during the period. Jennison Associates LLC grew its position in shares of Gates Industrial by 31.5% in the fourth quarter.
Jennison Associates LLC now owns 5,300,805 shares of the company’s stock valued at $109,038,000 after purchasing an additional 1,268,716 shares during the last quarter. Finally, GW&K Investment Management LLC increased its stake in shares of Gates Industrial by 25.8% in the fourth quarter.
GW&K Investment Management LLC now owns 5,105,351 shares of the company’s stock worth $105,017,000 after purchasing an additional 1,047,946 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.
Gates Industrial Price Performance Gates Industrial stock opened at $17.95 on Monday. The business has a 50 day simple moving average of $18.
92 and a 200 day simple moving average of $20.12. Gates Industrial Corp PLC has a one year low of $14.
70 and a one year high of $23.85. The company has a market capitalization of $4.
63 billion, a PE ratio of 24.59 and a beta of 1.24.
The company has a debt-to-equity ratio of 0.72, a current ratio of 3.20 and a quick ratio of 2.
26. Wall Street Analysts Forecast Growth A number of analysts have issued reports on GTES shares. KeyCorp lowered their target price on Gates Industrial from $27.
00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Barclays dropped their target price on shares of Gates Industrial from $25.
00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Citigroup decreased their price target on shares of Gates Industrial from $27.
00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Evercore ISI upped their price objective 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. Finally, The Goldman Sachs Group decreased their target price on Gates Industrial from $26.
00 to $23.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock.
Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.67. Check Out Our Latest Research Report on GTES Insiders Place Their Bets In other Gates Industrial news, Director Fredrik J.
Eliasson purchased 60,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $19.56 per share, with a total value of $1,173,600.
00. Following the completion of the acquisition, the director now directly owns 188,452 shares of the company’s stock, valued at $3,686,121.12.
This represents a 46.71 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .
Insiders own 2.30% of the company’s stock. Gates Industrial 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. See Also Want to see what other hedge funds are holding GTES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gates Industrial Corp PLC ( NYSE:GTES – Free Report ).
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