Rep. Gilbert Ray Cisneros, Jr. Purchases 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 Trading Down 1.2%

Shares of GTES opened at $25.91 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.24 and a quick ratio of 2.36. Gates Industrial Corporation PLC has a 1 year low of $20.88 and a 1 year high of $30.34. The company has a 50 day simple moving average of $26.57 and a two-hundred day simple moving average of $26.10. The firm has a market cap of $6.56 billion, a P/E ratio of 18.38 and a beta of 1.28.

Gates Industrial (NYSE:GTES) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.44 earnings per share (EPS) 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%. Gates Industrial’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, equities analysts expect that Gates Industrial Corporation PLC will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GTES has been the topic of several recent analyst reports. Weiss Ratings raised shares of Gates Industrial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. DA Davidson began coverage on shares of Gates Industrial in a research report on Tuesday, September 1st. They set a “neutral” rating and a $29.00 target price on the stock. Royal Bank Of Canada lifted their price target on shares of Gates Industrial from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on Gates Industrial from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, KeyCorp raised their price objective on Gates Industrial from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.45.

Hedge Funds Weigh In On Gates Industrial

A number of institutional investors have recently bought and sold shares of GTES. Fifth Third Bancorp increased its holdings 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 purchasing an additional 514 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Gates Industrial by 37.7% in the 1st quarter. Parallel Advisors LLC now owns 2,536 shares of the company’s stock valued at $57,000 after purchasing an additional 694 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gates Industrial in the 4th quarter valued at $72,000. Integrated Wealth Concepts LLC purchased a new stake in Gates Industrial during the second quarter worth $120,000. Finally, Legacy Wealth Asset Management LLC purchased a new stake in Gates Industrial during the second quarter worth $206,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Peifang Zhang sold 6,000 shares of the firm’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 in the company, valued at approximately $1,301,940.64. This trade represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

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.