Rep. Gilbert Ray Cisneros, Jr. Buys Shares of Gates Industrial Corporation PLC (NYSE:GTES)

Key Points

• Rep. Gilbert Ray Cisneros Jr. purchased between $1,001 and $15,000 of Gates Industrial (NYSE: GTES) on September 29, according to a filing disclosed October 12. He also reported several other stock purchases and sales around the same period.
• Gates Industrial reported quarterly EPS of $0.44, beating estimates of $0.42, while revenue rose 6.6% year over year to $941.6 million. The company’s FY 2026 EPS guidance is $1.62–$1.70.
• Analysts maintain a generally positive view, with nine Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $32.45 versus a reported opening price of $25.91.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Gates Industrial Corporation PLC (NYSE:GTES). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Gates Industrial stock on September 29th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Benchmark Electronics NYSE: BHE on 10/1/2026.
• Sold $1,001 - $15,000 in shares of Oxford Industries NYSE: OXM on 9/29/2026.
• Sold $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 9/29/2026.
• Sold $15,001 - $50,000 in shares of ITT NYSE: ITT on 9/29/2026.
• Sold $1,001 - $15,000 in shares of BridgeBio Pharma NASDAQ: BBIO on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Tandem Diabetes Care NASDAQ: TNDM on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Cytokinetics NASDAQ: CYTK on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Ultragenyx Pharmaceutical NASDAQ: RARE on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of YETI NYSE: YETI on 9/29/2026.
• Sold $1,001 - $15,000 in shares of AtriCure NASDAQ: ATRC on 9/29/2026.

Gates Industrial Stock Performance

Shares of GTES stock opened at $25.91 on Wednesday. The stock has a market cap of $6.56 billion, a PE ratio of 18.38 and a beta of 1.28. The business has a 50-day simple moving average of $26.57 and a 200-day simple moving average of $26.10. The company has a quick ratio of 2.36, a current ratio of 3.24 and a debt-to-equity ratio of 0.58. Gates Industrial Corporation PLC has a 52-week low of $20.88 and a 52-week high of $30.34.

Gates Industrial (NYSE:GTES - Get Free Report) last posted its earnings results on Friday, July 31st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $941.60 million for the quarter, compared to analyst estimates of $927.28 million. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%. Gates Industrial's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, equities analysts expect that Gates Industrial Corporation PLC will post 1.57 EPS for the current year.

Hedge Funds Weigh In On Gates Industrial

A number of hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp raised its stake in Gates Industrial by 46.3% in the 1st quarter. Fifth Third Bancorp now owns 1,624 shares of the company's stock valued at $37,000 after purchasing an additional 514 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Gates Industrial by 37.7% in the 1st quarter. Parallel Advisors LLC now owns 2,536 shares of the company's stock valued at $57,000 after purchasing an additional 694 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Gates Industrial by 7.0% during the 1st quarter. Personal CFO Solutions LLC now owns 16,459 shares of the company's stock worth $372,000 after purchasing an additional 1,077 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Gates Industrial by 4.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,070 shares of the company's stock worth $635,000 after purchasing an additional 1,122 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of Gates Industrial by 5.6% during the first quarter. D.A. Davidson & CO. now owns 27,599 shares of the company's stock worth $624,000 after buying an additional 1,475 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Gates Industrial from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Wall Street Zen cut shares of Gates Industrial from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Citigroup increased their price target on shares of Gates Industrial from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Royal Bank Of Canada increased their price target on shares of Gates Industrial from $33.00 to $34.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Gates Industrial from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.45.

Insider Activity at Gates Industrial

In other news, Director Peifang Zhang sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $29.56, for a total value of $177,360.00. Following the completion of the transaction, the director owned 44,044 shares of the company's stock, valued at $1,301,940.64. The trade was a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Gates Industrial Company Profile

Gates Industrial Corporation plc NYSE: GTES is a global manufacturer of engineered power transmission and fluid power products. The company develops and supplies belts, hoses, hydraulic components, and related systems used to transfer power, control motion, and manage the flow of fluids in industrial and mobile equipment.

Its products serve a broad range of markets, including automotive and industrial aftermarket, construction, agriculture, energy, manufacturing, transportation, and other applications requiring durable motion and fluid-management solutions.

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