Gates Industrial Corporation plc Buyback
OLI recorded this information on 11/17/2021
Company:
Gates Industrial Corporation plc
Buyback:
GTES buyback
$Amount Authorized:
$200,000,000
Buyback Details:
Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that its Board of Directors has authorized a share repurchase program of up to $200 million of the Company's ordinary shares. This authorization is valid through December 31, 2022.
Gates Industrial is a holding company. Through its subsidiaries, Co. is a manufacturer of power transmission and fluid power solutions. Co.'s products are used in applications across various end markets, including industrial off-highway end markets. Co. operates its business through its two reporting segments: Power Transmission and Fluid Power. Co.'s power transmission segment includes elastomer drive belts and related components used to transfer motion in a range of applications. Co.'s fluid power segment includes hoses, tubing and fittings designed to convey hydraulic fluid at high pressures in both mobile and stationary applications, and other high-pressure and fluid transfer hoses.
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Buy (3.20 out of 4) 39th percentile
(ranked lower than approx. 61% of all stocks covered)
Analysts' Target Price: GTES Stock Forecast Based on Zacks ABR data; powered by Xignite |