Wilson Neely, a director at Gates Industrial Corp PLC (GTES, Financial), has increased his stake in the company by purchasing 10,000 shares on February 20, 2024, according to a recent SEC Filing. This transaction has been part of a series of insider activities observed over the past year.
Gates Industrial Corp PLC is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. The company caters to various end markets, including construction, agriculture, energy, automotive, and consumer applications.
Insider buying and selling activities are closely monitored by investors as they can provide insights into a company's internal perspective. An insider purchase can suggest confidence in the company's future prospects, while insider sales might indicate the opposite. However, these transactions can also be influenced by personal financial decisions and should be considered as part of a broader investment context.
Over the past year, the insider has purchased a total of 10,000 shares and has not sold any shares. This latest acquisition by the insider is part of a trend that includes 5 insider buys and 11 insider sells over the same timeframe.
On the date of the insider's recent purchase, shares of Gates Industrial Corp PLC were trading at $13.24, resulting in a market cap of $3.730 billion.
The stock's price-earnings ratio stands at 16.87, which is below the industry median of 21.48 and also below the company’s historical median price-earnings ratio. This valuation metric suggests a lower valuation relative to its peers and its own historical trading.
With the current share price of $13.24 and a GuruFocus Value of $14.12, Gates Industrial Corp PLC has a price-to-GF-Value ratio of 0.94, indicating that the stock is Fairly Valued when considering the GF Value.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated based on historical trading multiples, a GuruFocus adjustment factor related to past performance, and future business performance estimates provided by Morningstar analysts.
Investors and analysts often look at insider transactions as a piece of the puzzle when assessing a company's financial health and prospects. The recent insider buying activity at Gates Industrial Corp PLC may prompt stakeholders to take a closer look at the company's stock and its current valuation in the market.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
