UBS Group AG Buys 1,077,409 Shares of Gates Industrial Corporation PLC $GTES

UBS Group AG increased its stake in shares of Gates Industrial Corporation PLC (NYSE:GTES) by 39.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,779,304 shares of the company’s stock after buying an additional 1,077,409 shares during the period. UBS Group AG’s holdings in Gates Industrial were worth $81,142,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GTES. Vanguard Group Inc. boosted its stake in Gates Industrial by 5.0% in the third quarter. Vanguard Group Inc. now owns 26,753,365 shares of the company’s stock valued at $664,019,000 after acquiring an additional 1,281,339 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Gates Industrial by 5.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,169,457 shares of the company’s stock worth $312,578,000 after purchasing an additional 717,353 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Gates Industrial by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,850,516 shares of the company’s stock worth $269,308,000 after purchasing an additional 28,760 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Gates Industrial by 3.0% in the 3rd quarter. Invesco Ltd. now owns 7,861,494 shares of the company’s stock worth $195,122,000 after purchasing an additional 226,075 shares during the period. Finally, State Street Corp raised its holdings in shares of Gates Industrial by 2.4% in the 2nd quarter. State Street Corp now owns 7,346,884 shares of the company’s stock worth $169,199,000 after purchasing an additional 170,597 shares during the period. Institutional investors own 98.50% of the company’s stock.

Gates Industrial Stock Performance

Shares of GTES stock opened at $24.10 on Monday. The stock has a market capitalization of $6.14 billion, a P/E ratio of 25.10 and a beta of 1.28. The company has a current ratio of 3.67, a quick ratio of 2.66 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $24.57 and its 200 day moving average is $23.73. Gates Industrial Corporation PLC has a 12 month low of $19.26 and a 12 month high of $28.47.

Gates Industrial (NYSE:GTES) last released its quarterly earnings data on Friday, May 1st. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Gates Industrial had a net margin of 7.23% and a return on equity of 10.00%. The business had revenue of $851.10 million during the quarter, compared to analyst estimates of $859.72 million. During the same period in the previous year, the business earned $0.36 EPS. Gates Industrial’s revenue was up .4% 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 anticipate that Gates Industrial Corporation PLC will post 1.53 earnings per share for the current year.

Wall Street Analyst Weigh In

GTES has been the topic of several research analyst reports. Citigroup upped their price objective on Gates Industrial from $27.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Barclays decreased their target price on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Wall Street Zen raised Gates Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings downgraded Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Finally, UBS Group reissued a “buy” rating and issued a $33.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gates Industrial has a consensus rating of “Moderate Buy” and an average target price of $30.36.

Key Stories Impacting Gates Industrial

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

• Positive Sentiment: Acquisition announced — Gates agreed to buy The Timken Company’s belts business, expanding its power-transmission footprint and management says the deal should improve adjusted EBITDA margins in the Industrial Motion segment. The strategic fit and expected margin accretion are positive for medium-term profit growth. Timken to Sell Belts Business to Gates
• Positive Sentiment: EPS beat — Gates reported $0.35 EPS for Q1, above the ~$0.32 consensus, showing underlying profitability and providing some support despite revenue pressure. That beat helps justify the multiple while investors assess topline trends. Gates Industrial (GTES) Q1 Earnings Surpass Estimates
• Neutral Sentiment: Guidance roughly in line but cautious on revenue — FY‑2026 EPS was guided to $1.52–$1.68 (near Street expectations) while revenue guidance of $3.5–$3.6B sits slightly below consensus. That keeps the story intact but raises questions about near-term top-line momentum. Gates Industrial Reports First-Quarter 2026 Results
• Neutral Sentiment: Conference call / management commentary — The earnings call transcript provides more context on reasons for core revenue weakness and integration plans for the Timken belts assets; investors should watch execution details. Gates Industrial (GTES) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Top-line softness and core revenue decline — Q1 net sales were $851.1M (up 0.4% YoY) but core revenue fell ~2.9% year-over-year and sales missed analyst estimates (~$859.7M). Sluggish organic growth and the revenue miss likely drove the negative stock reaction. Gates Industrial (GTES) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

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.