Gates Industrial Corporation PLC $GTES Shares Acquired by EVR Research LP

Posted by Brenda Bartman on Jun 18th, 2026

EVR Research LP lifted its holdings in shares of Gates Industrial Corporation PLC (NYSE:GTES – Free Report) by 240.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,000 shares of the company’s stock after buying an additional 120,000 shares during the period. Gates Industrial makes up about 2.0% of EVR Research LP’s investment portfolio, making the stock its 19th largest holding. EVR Research LP’s holdings in Gates Industrial were worth $3,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Engineers Gate Manager LP boosted its position in shares of Gates Industrial by 79.2% during the fourth quarter. Engineers Gate Manager LP now owns 54,137 shares of the company’s stock worth $1,162,000 after buying an additional 23,921 shares during the period. Aristeia Capital L.L.C. acquired a new position in shares of Gates Industrial during the fourth quarter worth approximately $528,000. Freestone Grove Partners LP acquired a new position in shares of Gates Industrial during the fourth quarter worth approximately $3,389,000. Lazard Asset Management LLC boosted its position in shares of Gates Industrial by 7.0% during the fourth quarter. Lazard Asset Management LLC now owns 281,518 shares of the company’s stock worth $6,044,000 after buying an additional 18,463 shares during the period. Finally, Amundi boosted its position in shares of Gates Industrial by 32.6% during the fourth quarter. Amundi now owns 60,281 shares of the company’s stock worth $1,294,000 after buying an additional 14,823 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GTES has been the subject of several analyst reports. Barclays reduced their price objective on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley boosted their target price on Gates Industrial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Robert W. Baird dropped their target price on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Weiss Ratings cut Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Finally, Wall Street Zen cut Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Gates Industrial presently has an average rating of “Moderate Buy” and an average price target of $31.00.

View Our Latest Research Report on Gates Industrial

Gates Industrial Price Performance

Shares of NYSE:GTES opened at $27.38 on Thursday. Gates Industrial Corporation PLC has a 12 month low of $20.88 and a 12 month high of $28.59. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 28.52 and a beta of 1.27. The stock’s 50 day moving average price is $25.53 and its 200 day moving average price is $24.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 2.66.

Gates Industrial (NYSE:GTES – Get Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The firm had revenue of $851.10 million for the quarter, compared to analysts’ expectations of $859.72 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Equities research analysts anticipate that Gates Industrial Corporation PLC will post 1.54 earnings per share for the current fiscal year.

Gates Industrial Company Profile

(Free Report)

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.