Gw&K Investment Management Reduces $14M in Gates Industrial Corporation Ltd. ($GTES)
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Gw&K Investment Management reduced its position in Gates Industrial Corporation Ltd. ($GTES) by 11.16% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,028,336 shares of Gates Industrial Corporation Ltd. after selling 506,045 shares during the quarter. Gw&K Investment Management's holdings in Gates Industrial Corporation Ltd. were worth $109.33 million as of its most recent filing.
Gates Industrial Corporation Ltd. Stock Up 4.9%
Shares of Gates Industrial Corporation Ltd. ($GTES) traded around $27.14 on Saturday, up 4.9% for the day.
Gates Industrial Corporation Ltd. Earnings
Analysts Set New Price Targets
About Gates Industrial Corporation Ltd.
Gates Industrial Corporation Ltd. manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China. It operates through two segments, Power Transmission and Fluid Power. The company offers solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; elastomer drive belts; asynchronous and synchronous belts, including V-belts, transmission belts, and micro-V belts; metal drive components, such as tensioners, idlers, pulleys, sprockets, mechanical water pumps, and other accessories used in belt drive systems; and kits for the automotive replacement channel. It also provides fluid power solutions for stationary and mobile hydraulics, vehicle systems, and other industrial application platforms; hydraulics comprising hoses, tubing, couplings, and fittings, as well as assemblies; thermal and emissions management and related products; and industrial hoses, including data center pumps. The company's products are used in applications across various markets, including diversified industrial applications comprising automated manufacturing, logistics systems, and data centers; consumer applications consisting of printers, power washers, automatic doors, and vacuum cleaners; industrial off-highway, such as construction and agriculture; industrial on-highway commercial vehicles, including heavy-duty trucks and buses; energy and resources markets, such as oil, gas, and mining; and personal mobility, including scooters, motorcycles, bicycles, all-terrain vehicles, and snowmobiles. It sells its products under the Gates brand. The company offers its products to aftermarket channel customers and original equipment manufacturers. Gates Industrial Corporation Ltd. was founded in 1911 and is headquartered in Denver, Colorado.
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