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

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 Stock Performance

Gates Industrial stock opened at $25.80 on Thursday. Gates Industrial Corporation PLC has a 12-month low of $20.88 and a 12-month high of $30.34. The company has a quick ratio of 2.36, a current ratio of 3.24 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $26.50 and its two-hundred day moving average price is $26.12. The stock has a market cap of $6.53 billion, a PE ratio of 18.30 and a beta of 1.28.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $941.60 million for the quarter, compared to the consensus estimate of $927.28 million. Gates Industrial had a net margin of 10.37% and a return on equity of 10.11%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. As a group, analysts expect that Gates Industrial Corporation PLC will post 1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gates Industrial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. boosted its stake in shares of Gates Industrial by 16.4% in the 2nd quarter. QRG Capital Management Inc. now owns 16,947 shares of the company’s stock valued at $474,000 after purchasing an additional 2,382 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Gates Industrial by 93.1% during the second quarter. Sequoia Financial Advisors LLC now owns 34,116 shares of the company’s stock worth $954,000 after buying an additional 16,451 shares during the last quarter. Tidal Investments LLC raised its stake in Gates Industrial by 2.6% during the second quarter. Tidal Investments LLC now owns 597,076 shares of the company’s stock worth $16,700,000 after buying an additional 15,203 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Gates Industrial during the second quarter worth $120,000. Finally, NewEdge Advisors LLC lifted its holdings in Gates Industrial by 848.5% in the second quarter. NewEdge Advisors LLC now owns 8,527 shares of the company’s stock valued at $239,000 after buying an additional 7,628 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gates Industrial news, Director Peifang Zhang sold 6,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $29.56, for a total transaction of $177,360.00. Following the sale, the director owned 44,044 shares of the company’s stock, valued at approximately $1,301,940.64. This represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. DA Davidson assumed coverage on shares of Gates Industrial in a research report on Tuesday, September 1st. They issued a “neutral” rating and a $29.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Gates Industrial from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded Gates Industrial from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 10th. Robert W. Baird upped 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, Wolfe Research reiterated an “outperform” rating and issued a $33.00 target price on shares of Gates Industrial in a research report on Thursday, July 9th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.45.

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.