WINTON GROUP Ltd Sells 65,922 Shares of Gates Industrial Corporation PLC $GTES

Key Points

• WINTON GROUP Ltd reduced its Gates Industrial stake by 51.6%, selling 65,922 shares and retaining 61,802 shares valued at approximately $1.73 million. Institutional investors collectively own 98.5% of GTES.
• Gates Industrial reported quarterly earnings of $0.44 per share, exceeding estimates of $0.42, while revenue rose 6.6% year over year to $941.6 million. The company issued fiscal 2026 EPS guidance of $1.62–$1.70.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $32.45, versus the stock’s reported price of $26.05.

WINTON GROUP Ltd cut its holdings in Gates Industrial Corporation PLC (NYSE:GTES - Free Report) by 51.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,802 shares of the company's stock after selling 65,922 shares during the quarter. WINTON GROUP Ltd's holdings in Gates Industrial were worth $1,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new stake in shares of Gates Industrial during the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC lifted its position in shares of Gates Industrial by 51.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company's stock valued at $34,000 after acquiring an additional 539 shares during the period. Fifth Third Bancorp lifted its position in shares of Gates Industrial by 46.3% during the 1st quarter. Fifth Third Bancorp now owns 1,624 shares of the company's stock valued at $37,000 after acquiring an additional 514 shares during the period. Parallel Advisors LLC boosted its stake in Gates Industrial by 37.7% during the first quarter. Parallel Advisors LLC now owns 2,536 shares of the company's stock worth $57,000 after acquiring an additional 694 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Gates Industrial by 273.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company's stock worth $67,000 after acquiring an additional 2,131 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Gates Industrial Stock Performance

NYSE GTES opened at $26.05 on Friday. The company has a market cap of $6.60 billion, a P/E ratio of 18.48 and a beta of 1.26. The company has a fifty day simple moving average of $26.72 and a 200 day simple moving average of $25.82. The company has a current ratio of 3.24, a quick ratio of 2.36 and a debt-to-equity ratio of 0.58. Gates Industrial Corporation PLC has a 12-month low of $20.88 and a 12-month high of $30.34.

Gates Industrial (NYSE:GTES - Get Free Report) last released its quarterly earnings data 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. Gates Industrial had a net margin of 10.37% and a return on equity of 10.11%. The firm had revenue of $941.60 million for the quarter, compared to the consensus estimate of $927.28 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The business's revenue was up 6.6% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. Sell-side analysts predict that Gates Industrial Corporation PLC will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. DA Davidson assumed coverage on shares of Gates Industrial in a report on Tuesday, September 1st. They issued a "neutral" rating and a $29.00 price target for the company. Wells Fargo & Company upped their price objective on shares of Gates Industrial from $26.00 to $30.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Weiss Ratings raised shares of Gates Industrial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Wall Street Zen downgraded Gates Industrial from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Royal Bank Of Canada boosted their target price on Gates Industrial from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $32.45.

Insider Buying and Selling at Gates Industrial

In related news, Director Peifang Zhang sold 6,000 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $29.56, for a total value of $177,360.00. Following the sale, the director owned 44,044 shares in the company, valued at $1,301,940.64. This represents a 11.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is owned by corporate insiders.

Gates Industrial Company Profile

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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