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

Key Points

• UBS Group AG boosted its position in Gates by 39.9%, buying 1,077,409 shares to hold 3,779,304 shares (about a 1.46% stake) valued at roughly $81.1 million at quarter‑end.
• Q1 results showed an EPS beat of $0.35 vs. ~$0.32 consensus but revenue missed at $851.1M (core revenue down ~2.9% YoY); management guided FY‑2026 EPS to $1.52–$1.68 while revenue guidance sat slightly below Street expectations.
• Gates agreed to acquire The Timken Company’s belts business, a strategic deal management says will expand its power‑transmission footprint and should improve adjusted EBITDA margins in the Industrial Motion segment.

UBS Group AG boosted its holdings in Gates Industrial Corporation PLC (NYSE:GTES - Free Report) by 39.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,779,304 shares of the company's stock after purchasing an additional 1,077,409 shares during the quarter. UBS Group AG owned about 1.46% of Gates Industrial worth $81,142,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 1,281,339 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Gates Industrial by 5.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 14,169,457 shares of the company's stock worth $312,578,000 after acquiring an additional 717,353 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Gates Industrial by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,850,516 shares of the company's stock worth $269,308,000 after acquiring 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 acquiring an additional 226,075 shares during the last quarter. Finally, State Street Corp lifted its position in Gates Industrial by 2.4% in the 2nd quarter. State Street Corp now owns 7,346,884 shares of the company's stock valued at $169,199,000 after acquiring an additional 170,597 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GTES. Barclays cut their price target on Gates Industrial from $32.00 to $28.00 and set an "overweight" rating for the company in a research note on Wednesday, April 1st. Weiss Ratings downgraded Gates Industrial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 1st. Robert W. Baird set a $39.00 target price on Gates Industrial in a report on Friday, February 13th. Citigroup lifted their target price on Gates Industrial from $27.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, February 13th. Finally, Morgan Stanley increased their price target on Gates Industrial from $25.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 11th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.36.

Gates Industrial Price Performance

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

Gates Industrial (NYSE:GTES - Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. The company had revenue of $851.10 million during the quarter, compared to the consensus estimate of $859.72 million. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.Gates Industrial's revenue was up .4% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, equities analysts anticipate that Gates Industrial Corporation PLC will post 1.53 EPS for the current year.

Key Headlines 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.

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