5 Cheap Value Stocks to Buy Amid Market Uncertainty

3. Gates Industrial Corporation plc (NYSE:GTES)

Number of Hedge Fund Holders: 29   

Real-Time Share Price as of February 10: $15.60

PE Ratio: 15.60     

Gates Industrial Corporation plc (NYSE:GTES) makes and sells power transmissions. Elite hedge funds have been increasingly bullish on the stock in recent months. At the end of the third quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $202 million in Gates Industrial Corporation plc (NYSE:GTES), up from 19 in the previous quarter worth $89 million.

Baird analyst Michael Halloran recently maintained an Outperform rating on Gates Industrial Corporation plc (NYSE:GTES) stock with a price target of $19, appreciating the “solid” earnings results of the firm in the fourth quarter of 2021.