Impax Asset Management Group plc Increases Stock Holdings in Gates Industrial Corporation PLC $GTES

Key Points

• Impax Asset Management Group plc increased its stake in Gates Industrial by 48.8%, adding 155,000 shares to hold 472,713 shares — about 0.18% of the company valued at roughly $10.15 million.
• Gates slightly beat quarterly estimates (EPS $0.38 vs $0.37; revenue $856.2M vs $853.35M), set FY2026 guidance of 1.520–1.680 EPS, and carries an analyst consensus of "Moderate Buy" with an average target of $30.36.
• Institutional investors own 98.5% of the stock; shares trade around $25.54 with a one‑year range of $17.77–$28.47 and a market cap near $6.5 billion.

Impax Asset Management Group plc increased its holdings in Gates Industrial Corporation PLC (NYSE:GTES - Free Report) by 48.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 472,713 shares of the company's stock after acquiring an additional 155,000 shares during the quarter. Impax Asset Management Group plc owned about 0.18% of Gates Industrial worth $10,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Gates Industrial by 1.0% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 52,700 shares of the company's stock worth $1,308,000 after acquiring an additional 500 shares during the period. Glenmede Investment Management LP lifted its stake in Gates Industrial by 0.9% in the third quarter. Glenmede Investment Management LP now owns 55,047 shares of the company's stock worth $1,366,000 after acquiring an additional 514 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Gates Industrial by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 85,178 shares of the company's stock worth $2,114,000 after acquiring an additional 543 shares during the period. CIBC Asset Management Inc raised its holdings in Gates Industrial by 4.3% in the third quarter. CIBC Asset Management Inc now owns 13,612 shares of the company's stock worth $338,000 after purchasing an additional 565 shares in the last quarter. Finally, Tectonic Advisors LLC raised its holdings in Gates Industrial by 2.4% in the third quarter. Tectonic Advisors LLC now owns 24,762 shares of the company's stock worth $615,000 after purchasing an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Gates Industrial Price Performance

Shares of NYSE:GTES opened at $25.54 on Friday. Gates Industrial Corporation PLC has a 1-year low of $17.77 and a 1-year high of $28.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.37 and a quick ratio of 2.42. The business has a fifty day moving average price of $24.75 and a 200-day moving average price of $23.73. The company has a market capitalization of $6.50 billion, a PE ratio of 26.33 and a beta of 1.28.

Gates Industrial (NYSE:GTES - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. Gates Industrial had a return on equity of 10.36% and a net margin of 7.30%.The firm had revenue of $856.20 million during the quarter, compared to the consensus estimate of $853.35 million. During the same period last year, the company earned $0.36 earnings per share. The company's revenue 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 analysts expect that Gates Industrial Corporation PLC will post 1.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup increased their price objective on Gates Industrial from $27.00 to $33.00 and gave the stock a "buy" rating in a report on Friday, February 13th. Robert W. Baird set a $39.00 price objective on Gates Industrial in a report on Friday, February 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $31.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Morgan Stanley increased their price objective on Gates Industrial from $25.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 11th. Finally, UBS Group reiterated a "buy" rating and issued a $33.00 price objective on shares of Gates Industrial in a report on Friday, February 13th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.36.

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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