Public Sector Pension Investment Board Raises Holdings in Gates Industrial Corporation PLC $GTES

Public Sector Pension Investment Board boosted its stake in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 28.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,004,735 shares of the company’s stock after acquiring an additional 222,587 shares during the quarter. Public Sector Pension Investment Board’s holdings in Gates Industrial were worth $24,938,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of Gates Industrial during the 1st quarter worth approximately $381,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Gates Industrial during the second quarter valued at $236,000. CWM LLC increased its holdings in Gates Industrial by 2.9% in the second quarter. CWM LLC now owns 57,462 shares of the company’s stock valued at $1,323,000 after buying an additional 1,642 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Gates Industrial by 2.8% in the second quarter. Yousif Capital Management LLC now owns 89,352 shares of the company’s stock worth $2,058,000 after acquiring an additional 2,435 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Gates Industrial during the 2nd quarter worth about $267,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Gates Industrial in a research note on Monday, December 29th. JPMorgan Chase & Co. dropped their price objective on Gates Industrial from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, December 16th. Wall Street Zen upgraded Gates Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Robert W. Baird set a $39.00 target price on Gates Industrial in a research report on Friday. Finally, Barclays boosted their price target on shares of Gates Industrial from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gates Industrial presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.67.

Gates Industrial Stock Performance

Shares of NYSE:GTES 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 firm has a market capitalization of $7.24 billion, a PE ratio of 28.90 and a beta of 1.27. The business’s 50 day moving average price is $23.09 and its 200-day moving average price is $23.85.

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

Key Headlines Impacting Gates Industrial

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.