66,324 Shares in Gates Industrial Corporation PLC $GTES Acquired by Caprock Group LLC

Caprock Group LLC bought a new stake in shares of Gates Industrial Corporation PLC (NYSE:GTES) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 66,324 shares of the company’s stock, valued at approximately $1,695,000.

Several other hedge funds have also recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Gates Industrial by 1.0% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 52,700 shares of the company’s stock worth $1,308,000 after acquiring an additional 500 shares during the period. CIBC Asset Management Inc grew its position in Gates Industrial by 4.3% in the 3rd quarter. CIBC Asset Management Inc now owns 13,612 shares of the company’s stock worth $338,000 after purchasing an additional 565 shares during the period. Tectonic Advisors LLC raised its stake in Gates Industrial by 2.4% during the 3rd quarter. Tectonic Advisors LLC now owns 24,762 shares of the company’s stock valued at $615,000 after buying an additional 572 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Gates Industrial by 43.0% during the 2nd quarter. Allworth Financial LP now owns 2,096 shares of the company’s stock valued at $48,000 after buying an additional 630 shares during the period. Finally, Highland Capital Management LLC boosted its stake in shares of Gates Industrial by 1.2% in the 3rd quarter. Highland Capital Management LLC now owns 52,900 shares of the company’s stock worth $1,313,000 after buying an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen raised shares of Gates Industrial from a “buy” rating to a “strong-buy” rating in a report on Saturday. Barclays raised their target price on Gates Industrial from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup boosted their price target on Gates Industrial from $27.00 to $33.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird set a $39.00 price target on Gates Industrial in a research report on Friday. Finally, UBS Group reaffirmed a “buy” rating and set a $33.00 price objective on shares of Gates Industrial in a research report on Friday. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.67.

Gates Industrial Trading Up 1.8%

GTES stock opened at $28.04 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.37 and a quick ratio of 2.50. Gates Industrial Corporation PLC has a 1-year low of $14.70 and a 1-year high of $28.47. The business has a 50 day simple moving average of $23.09 and a two-hundred day simple moving average of $23.85. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 28.90 and a beta of 1.27.

Gates Industrial (NYSE:GTES) last issued its earnings results on Thursday, February 12th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $856.20 million during the quarter, compared to analyst estimates of $853.35 million. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. Gates Industrial’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Research analysts anticipate that Gates Industrial Corporation PLC will post 1.36 EPS for the current fiscal year.

Key Gates Industrial News

Here are the key news stories impacting Gates Industrial this week:

• Positive Sentiment: Q4 adjusted EPS beat estimates — Gates reported adjusted EPS of $0.38 vs. the $0.37 consensus, confirming modest improvement in profitability year-over-year. Read More.
• Positive Sentiment: Capital returns and cash generation — Management repurchased approximately $105 million of shares and generated $478.1 million of operating cash flow for 2025, supporting shareholder returns and balance-sheet flexibility. Read More.
• Neutral Sentiment: FY‑2026 guidance essentially in line with consensus — Gates provided an EPS range of $1.520–$1.680 (consensus ~$1.56) and revenue guidance of $3.5B–$3.6B, leaving room for execution risk but not signaling a material reset. Read More.
• Neutral Sentiment: Revenue roughly in line with estimates but soft growth — Q4 sales were $856.2M (in line with estimates) and up just 3.2% YoY, reflecting limited core sales expansion. Read More.
• Negative Sentiment: Underlying demand and GAAP profitability show restraints — core sales growth was modest (0.6% in the quarter, 1.0% for FY), and GAAP net income per diluted share for the quarter was $0.20 versus adjusted $0.38, highlighting one‑time items and ongoing margin sensitivity. Read More.
• Neutral Sentiment: Management provided supporting materials — earnings slide deck and conference-call materials are available for deeper detail on segment trends and the drivers behind guidance. Read More.

About Gates Industrial

Gates Industrial Corporation PLC (NYSE: GTES) is a leading global manufacturer of engineered power transmission belts and fluid power products. The company’s portfolio includes synchronous belts, V-belts, hose assemblies, fittings and hydraulic components designed to support a wide range of industrial and automotive applications. Gates Industrial serves sectors such as agriculture, mining, construction, manufacturing, transportation and consumer markets, offering solutions that improve performance, reliability and efficiency in demanding operating environments.

In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.