Rep. Gilbert Ray Cisneros, Jr. Buys Gates Industrial Corporation PLC (NYSE:GTES) Shares

Key Points

• Rep. Gilbert Ray Cisneros Jr. purchased between $1,001 and $15,000 of Gates Industrial (NYSE:GTES) shares on March 3 through his "150 MAIN STREET TRUST > BANK OF AMERICA" account.
• GTES shares jumped 3.7% to $25.41 after the filing; the company has a $6.45 billion market cap, a P/E of 26.20, a 52-week range of $16.27–$28.47, and recently reported $0.38 EPS with FY2026 guidance of $1.520–1.680.
• Analyst sentiment is mixed but tilts positive — MarketBeat shows a "Moderate Buy" consensus and an average price target of $30.36, with individual ratings ranging from "hold" to "strong-buy."

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Gates Industrial Corporation PLC (NYSE:GTES). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Gates Industrial stock on March 3rd. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of MACOM Technology Solutions NASDAQ: MTSI on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of StandardAero NYSE: SARO on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of FirstService NASDAQ: FSV on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Advanced Energy Industries NASDAQ: AEIS on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Flex NASDAQ: FLEX on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of LPL Financial NASDAQ: LPLA on 3/27/2026.
• Purchased $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 3/27/2026.
• Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 3/27/2026.
• Purchased $15,001 - $50,000 in shares of Fabrinet NYSE: FN on 3/27/2026.

Gates Industrial Stock Up 3.7%

Shares of NYSE:GTES traded up $0.90 on Thursday, hitting $25.41. 748,841 shares of the company traded hands, compared to its average volume of 2,526,320. The stock has a 50 day simple moving average of $24.79 and a 200-day simple moving average of $23.70. The company has a quick ratio of 2.42, a current ratio of 3.37 and a debt-to-equity ratio of 0.61. The company has a market cap of $6.45 billion, a PE ratio of 26.20 and a beta of 1.28. Gates Industrial Corporation PLC has a 52 week low of $16.27 and a 52 week high of $28.47.

Gates Industrial (NYSE:GTES - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $856.20 million for the quarter, compared to analysts' expectations of $853.35 million. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. Gates Industrial's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, research analysts expect that Gates Industrial Corporation PLC will post 1.36 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group reiterated a "buy" rating and issued a $33.00 target price on shares of Gates Industrial in a research note on Friday, February 13th. Morgan Stanley boosted their price objective on shares of Gates Industrial from $25.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 11th. Weiss Ratings cut Gates Industrial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, April 1st. Wall Street Zen raised Gates Industrial from a "buy" rating to a "strong-buy" rating in a report on Sunday, March 29th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $31.00 price target on shares of Gates Industrial in a research note on Friday, February 13th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.36.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GTES. Los Angeles Capital Management LLC bought a new position in Gates Industrial during the fourth quarter valued at approximately $26,000. True Wealth Design LLC grew its position in Gates Industrial by 133.2% in the 3rd quarter. True Wealth Design LLC now owns 1,166 shares of the company's stock worth $29,000 after purchasing an additional 666 shares during the period. Transamerica Financial Advisors LLC raised its stake in 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 buying an additional 539 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Gates Industrial by 5,123.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,985 shares of the company's stock valued at $49,000 after buying an additional 1,947 shares during the period. Finally, Quent Capital LLC bought a new position in shares of Gates Industrial during the 3rd quarter valued at $51,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Gates Industrial Company Profile

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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