Caprock Group LLC Takes $1.70 Million Position in Gates Industrial Corporation PLC $GTES

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

Several other large investors have also recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in Gates Industrial by 7.6% in the third quarter. Rhumbline Advisers now owns 553,028 shares of the company’s stock worth $13,726,000 after purchasing an additional 39,189 shares in the last quarter. MQS Management LLC bought a new position in shares of Gates Industrial during the 3rd quarter worth approximately $337,000. AdvisorShares Investments LLC purchased a new stake in Gates Industrial during the third quarter valued at approximately $117,000. Savant Capital LLC lifted its position in Gates Industrial by 1.7% during the third quarter. Savant Capital LLC now owns 131,153 shares of the company’s stock valued at $3,255,000 after acquiring an additional 2,189 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Gates Industrial by 0.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,141,879 shares of the company’s stock valued at $28,341,000 after acquiring an additional 8,364 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Gates Industrial Price Performance

Shares of NYSE:GTES opened at $28.04 on Friday. The company has a current ratio of 3.37, a quick ratio of 2.50 and a debt-to-equity ratio of 0.61. Gates Industrial Corporation PLC has a twelve month low of $14.70 and a twelve month high of $28.47. The company’s 50 day moving average is $23.09 and its 200 day moving average is $23.85. The company has a market cap of $7.24 billion, a PE ratio of 28.90 and a beta of 1.27.

Gates Industrial (NYSE:GTES) last released its quarterly earnings data 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. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. The firm had revenue of $856.20 million for the quarter, compared to analyst estimates of $853.35 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, sell-side analysts forecast that Gates Industrial Corporation PLC will post 1.36 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Gates Industrial from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, December 16th. Wells Fargo & Company started coverage on Gates Industrial in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $23.00 price target for the company. Wall Street Zen upgraded Gates Industrial from a “buy” rating to a “strong-buy” rating in a research note on Saturday. UBS Group restated a “buy” rating and set a $33.00 price objective on shares of Gates Industrial in a report on Friday. Finally, Barclays lifted their target price on shares of Gates Industrial from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.67.

More 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.

Gates Industrial Profile

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.