First Trust Advisors LP Has $7.08 Million Position in Gates Industrial Corporation PLC $GTES

First Trust Advisors LP lifted its position in Gates Industrial Corporation PLC (NYSE:GTES - Free Report) by 68.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 313,372 shares of the company's stock after buying an additional 127,758 shares during the quarter. First Trust Advisors LP owned about 0.12% of Gates Industrial worth $7,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in Gates Industrial by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 28,070 shares of the company's stock valued at $635,000 after acquiring an additional 1,122 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Gates Industrial by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,546,581 shares of the company's stock valued at $261,040,000 after purchasing an additional 295,706 shares during the period. Parallel Advisors LLC grew its position in Gates Industrial by 37.7% in the 1st quarter. Parallel Advisors LLC now owns 2,536 shares of the company's stock worth $57,000 after purchasing an additional 694 shares during the last quarter. KBC Group NV increased its holdings in shares of Gates Industrial by 21.4% during the 1st quarter. KBC Group NV now owns 8,958 shares of the company's stock worth $203,000 after purchasing an additional 1,579 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Gates Industrial by 0.7% in the first quarter. Swiss National Bank now owns 511,300 shares of the company's stock valued at $11,560,000 after buying an additional 3,400 shares during the period. Institutional investors own 98.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GTES. Morgan Stanley upped their price target on Gates Industrial from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, May 29th. Wall Street Zen downgraded shares of Gates Industrial from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Wolfe Research restated an "outperform" rating and set a $33.00 price objective on shares of Gates Industrial in a report on Thursday, July 9th. Royal Bank Of Canada increased their target price on Gates Industrial from $30.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, July 16th. Finally, Robert W. Baird dropped their target price on Gates Industrial from $39.00 to $37.00 and set an "outperform" rating on the stock in a report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

Key Stories Impacting Gates Industrial

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

Gates Industrial Trading Up 0.1%

Shares of GTES stock opened at $28.01 on Monday. The company has a quick ratio of 2.36, a current ratio of 3.24 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $7.12 billion, a P/E ratio of 19.87 and a beta of 1.25. Gates Industrial Corporation PLC has a twelve month low of $20.88 and a twelve month high of $29.17. The stock's fifty day simple moving average is $26.70 and its 200 day simple moving average is $25.40.

Gates Industrial (NYSE:GTES - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $941.60 million for the quarter, compared to analysts' expectations of $927.28 million. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. As a group, sell-side analysts predict that Gates Industrial Corporation PLC will post 1.53 EPS for the current fiscal year.

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.

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