Squarepoint Ops LLC Acquires Shares of 62,569 Gates Industrial Corporation PLC $GTES

Key Points

• Squarepoint Ops LLC acquired 62,569 shares of Gates Industrial in the second quarter, valued at approximately $1.75 million. Institutional investors collectively own 98.5% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $32.45, compared with the stock’s reported price of $25.52.
• Gates Industrial exceeded quarterly expectations, reporting $0.44 in adjusted EPS and $941.6 million in revenue, while revenue increased 6.6% year over year. The company issued fiscal 2026 EPS guidance of $1.62–$1.70.

Squarepoint Ops LLC bought a new stake in shares of Gates Industrial Corporation PLC (NYSE:GTES - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 62,569 shares of the company's stock, valued at approximately $1,750,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GTES. Dimensional Fund Advisors LP increased its holdings in Gates Industrial by 2.6% in the first 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 last quarter. Franklin Resources Inc. increased its stake in shares of Gates Industrial by 5.5% in the 4th quarter. Franklin Resources Inc. now owns 7,305,065 shares of the company's stock valued at $156,840,000 after acquiring an additional 381,896 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Gates Industrial by 3.8% in the 1st quarter. Janus Henderson Group PLC now owns 5,230,159 shares of the company's stock valued at $118,252,000 after acquiring an additional 193,896 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of Gates Industrial by 0.7% in the 4th quarter. GW&K Investment Management LLC now owns 4,534,381 shares of the company's stock valued at $97,353,000 after acquiring an additional 30,409 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Gates Industrial by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,417,046 shares of the company's stock worth $94,857,000 after acquiring an additional 83,980 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

Several research analysts have weighed in on GTES shares. Robert W. Baird lifted their target price on Gates Industrial from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Wolfe Research reissued an "outperform" rating and issued a $33.00 price target on shares of Gates Industrial in a research note on Thursday, July 9th. Royal Bank Of Canada upped their price objective on Gates Industrial from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. DA Davidson began coverage on Gates Industrial in a research report on Tuesday, September 1st. They issued a "neutral" rating and a $29.00 target price on the stock. Finally, Citigroup boosted their target price on Gates Industrial from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.45.

Gates Industrial Trading Up 0.4%

Shares of NYSE:GTES opened at $25.52 on Wednesday. The company's 50-day moving average price is $26.67 and its two-hundred day moving average price is $25.77. Gates Industrial Corporation PLC has a one year low of $20.88 and a one year high of $30.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.24 and a quick ratio of 2.36. The stock has a market capitalization of $6.46 billion, a PE ratio of 18.10 and a beta of 1.26.

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

About Gates Industrial

Gates Industrial Corporation plc NYSE: GTES is a global manufacturer of power transmission and fluid power products. The company supplies engineered components used to transfer motion and power, control the flow of fluids, and manage industrial and automotive systems.

Its product portfolio includes synchronous and V-belts, belt drives, hydraulic and industrial hose systems, couplings, tensioners, pulleys, and related replacement and maintenance products. Gates serves original equipment manufacturers and aftermarket customers across industries such as industrial machinery, energy, transportation, agriculture, construction, and automotive.

Gates traces its history to 1911, when Charles Gates acquired a Colorado tire and rubber company.

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