Jupiter Asset Management Ltd. purchased a new position in Gates Industrial Corp PLC (NYSE:GTES – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 286,058 shares of the company’s stock, valued at approximately $3,856,000. Jupiter Asset Management Ltd. owned approximately 0.11% of Gates Industrial at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. CWM LLC increased its holdings in shares of Gates Industrial by 787.8% in the second quarter. CWM LLC now owns 1,891 shares of the company’s stock worth $25,000 after acquiring an additional 1,678 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Gates Industrial by 207.3% in the first quarter. Tower Research Capital LLC TRC now owns 2,354 shares of the company’s stock worth $33,000 after acquiring an additional 1,588 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Gates Industrial in the first quarter worth about $45,000. Quarry LP bought a new stake in shares of Gates Industrial in the first quarter worth about $51,000. Finally, Bessemer Group Inc. bought a new stake in shares of Gates Industrial in the fourth quarter worth about $79,000. 98.50% of the stock is currently owned by institutional investors.
Gates Industrial Stock Performance
Shares of NYSE GTES opened at $12.05 on Friday. The stock has a 50 day moving average price of $11.39 and a 200 day moving average price of $12.27. Gates Industrial Corp PLC has a 52 week low of $10.68 and a 52 week high of $14.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.14 and a current ratio of 2.97. The stock has a market capitalization of $3.18 billion, a PE ratio of 13.24 and a beta of 1.51.
Analyst Upgrades and Downgrades
Gates Industrial Company Profile
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.
- Five stocks we like better than Gates Industrial
- Dividend Payout Ratio Calculator
- S&P 500’s Whirlwind: Big gains, warning whispers & tactical moves
- How to Invest in Pharmaceutical Companies
- MarketBeat Week in Review – 11/13 – 11/17
- Investing in Travel Stocks Benefits
- 3 large caps with red hot RSIs with upside
Receive News & Ratings for Gates Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gates Industrial and related companies with MarketBeat.com's FREE daily email newsletter.