Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Gates Industrial Corporation PLC (NYSE:GTES). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Gates Industrial stock on September 29th. 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):
- Purchased $15,001 – $50,000 in shares of Benchmark Electronics (NYSE:BHE) on 10/1/2026.
- Sold $1,001 – $15,000 in shares of Oxford Industries (NYSE:OXM) on 9/29/2026.
- Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 9/29/2026.
- Sold $15,001 – $50,000 in shares of ITT (NYSE:ITT) on 9/29/2026.
- Sold $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 9/29/2026.
- Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/29/2026.
- Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 9/29/2026.
- Purchased $1,001 – $15,000 in shares of Ultragenyx Pharmaceutical (NASDAQ:RARE) on 9/29/2026.
- Purchased $1,001 – $15,000 in shares of YETI (NYSE:YETI) on 9/29/2026.
- Sold $1,001 – $15,000 in shares of AtriCure (NASDAQ:ATRC) on 9/29/2026.
Gates Industrial Price Performance
Shares of NYSE GTES opened at $25.91 on Wednesday. Gates Industrial Corporation PLC has a twelve month low of $20.88 and a twelve month high of $30.34. The company has a current ratio of 3.24, a quick ratio of 2.36 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 18.38 and a beta of 1.28. The firm has a 50-day moving average of $26.57 and a two-hundred day moving average of $26.10.
Insiders Place Their Bets
In related news, Director Peifang Zhang sold 6,000 shares of the stock in a transaction dated 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in 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 purchasing an additional 514 shares during the period. Parallel Advisors LLC boosted its position in shares of Gates Industrial by 37.7% in the first quarter. Parallel Advisors LLC now owns 2,536 shares of the company’s stock worth $57,000 after buying an additional 694 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Gates Industrial in the fourth quarter worth $72,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Gates Industrial in the second quarter worth $120,000. Finally, Legacy Wealth Asset Management LLC purchased a new position in shares of Gates Industrial during the second quarter valued at $206,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
GTES has been the topic of several recent research reports. Citigroup lifted their price target on shares of Gates Industrial from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Wolfe Research reiterated an “outperform” rating and set a $33.00 price objective on shares of Gates Industrial in a research report on Thursday, July 9th. Wall Street Zen lowered Gates Industrial from a “strong-buy” rating to a “buy” rating in a research note on Saturday. 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. Finally, Wells Fargo & Company lifted their target price on Gates Industrial from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.45.
Read Our Latest Stock Analysis on Gates Industrial
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.
About Gates Industrial
Gates Industrial Corporation plc (NYSE: GTES) is a global manufacturer of engineered power transmission and fluid power products. The company develops and supplies belts, hoses, hydraulic components, and related systems used to transfer power, control motion, and manage the flow of fluids in industrial and mobile equipment.
Its products serve a broad range of markets, including automotive and industrial aftermarket, construction, agriculture, energy, manufacturing, transportation, and other applications requiring durable motion and fluid-management solutions.
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