Janus Henderson Group PLC Acquires 193,896 Shares of Gates Industrial Corporation PLC $GTES

Janus Henderson Group PLC increased its stake in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 3.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,230,159 shares of the company’s stock after buying an additional 193,896 shares during the period. Janus Henderson Group PLC’s holdings in Gates Industrial were worth $118,252,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new stake in Gates Industrial in the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC lifted its position in shares of Gates Industrial by 51.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock worth $34,000 after purchasing an additional 539 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Gates Industrial by 46.3% during the first quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock worth $37,000 after purchasing an additional 514 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Gates Industrial by 37.7% during the first quarter. Parallel Advisors LLC now owns 2,536 shares of the company’s stock valued at $57,000 after purchasing an additional 694 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Gates Industrial by 273.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock valued at $67,000 after purchasing an additional 2,131 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Gates Industrial Stock Up 8.7%

NYSE:GTES opened at $28.01 on Friday. The company has a quick ratio of 2.66, a current ratio of 3.67 and a debt-to-equity ratio of 0.61. Gates Industrial Corporation PLC has a 12-month low of $20.88 and a 12-month high of $29.17. The stock’s fifty day simple moving average is $26.70 and its 200-day simple moving average is $25.38. The firm has a market capitalization of $7.12 billion, a P/E ratio of 29.18 and a beta of 1.25.

Gates Industrial (NYSE:GTES) last released its quarterly earnings data on Friday, July 31st. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $941.60 million during the quarter, compared to the consensus estimate of $925.44 million. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. Equities research analysts expect that Gates Industrial Corporation PLC will post 1.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Gates Industrial from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Wall Street Zen downgraded Gates Industrial from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gates Industrial in a research report on Monday, June 29th. Wolfe Research reissued an “outperform” rating and issued a $33.00 target price on shares of Gates Industrial in a research note on Thursday, July 9th. Finally, Robert W. Baird lowered their target price on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

More Gates Industrial News

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

• Positive Sentiment: Gates reported second-quarter sales of $941.6 million, up 6.6% year over year, with core sales increasing 4.9%. Revenue exceeded analyst expectations of approximately $925.4 million, indicating solid demand across the business. Gates Industrial Reports Second-Quarter 2026 Results
• Positive Sentiment: Adjusted earnings were $0.44 per share, above the $0.42 analyst consensus and up from $0.39 a year earlier. The company also reported $170.9 million of net income, or $0.67 per diluted share, under its reported accounting measure. Gates Industrial Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Gates raised or reaffirmed a favorable FY 2026 adjusted EPS outlook of $1.62 to $1.70, with the midpoint above the current consensus estimate of $1.62. This suggests management expects earnings momentum to continue. Gates Industrial Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Full-year revenue guidance of $3.5 billion to $3.6 billion reaches the consensus estimate only at the upper end; the midpoint is modestly below expectations. Investors may therefore focus on whether stronger core sales can drive results toward the high end of the range. Gates Industrial Earnings Report

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.