Gates Industrial (NYSE:GTES) Stock Acquired Rep. Julia Letlow

Representative Julia Letlow (Republican-Louisiana) recently bought shares of Gates Industrial Corporation PLC (NYSE:GTES). In a filing disclosed on January 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Gates Industrial stock on September 22nd. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of United Rentals (NYSE:URI) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Pinterest (NYSE:PINS) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 12/16/2025.
• Sold $1,001 – $15,000 in shares of Warner Bros. Discovery (NASDAQ:WBD) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 12/8/2025.
• Sold $1,001 – $15,000 in shares of Mettler-Toledo International (NYSE:MTD) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Icon Energy (NASDAQ:ICON) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 12/8/2025.
• Purchased $1,001 – $15,000 in shares of AstraZeneca (NASDAQ:AZN) on 12/8/2025.

Gates Industrial Stock Up 0.8%

Shares of GTES stock opened at $24.29 on Wednesday. Gates Industrial Corporation PLC has a 12 month low of $14.70 and a 12 month high of $28.47. The firm has a market cap of $6.17 billion, a PE ratio of 25.04 and a beta of 1.23. The stock has a 50 day moving average of $24.75 and a 200-day moving average of $24.11. The company has a quick ratio of 2.42, a current ratio of 3.37 and a debt-to-equity ratio of 0.61.

Gates Industrial (NYSE:GTES) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. The business had revenue of $856.20 million for the quarter, compared to the consensus estimate of $853.35 million. During the same quarter last year, the company posted $0.36 earnings per share. Gates Industrial’s quarterly revenue was up 3.2% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, equities analysts predict that Gates Industrial Corporation PLC will post 1.36 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup increased their price target on shares of Gates Industrial from $27.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 13th. Barclays boosted their price objective on shares of Gates Industrial from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gates Industrial in a research note on Monday, December 29th. Wall Street Zen raised Gates Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Finally, UBS Group restated a “buy” rating and set a $33.00 price target on shares of Gates Industrial in a research note on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.27.

Institutional Investors Weigh In On Gates Industrial

A number of institutional investors have recently bought and sold shares of GTES. Los Angeles Capital Management LLC acquired a new position in shares of Gates Industrial in the 4th quarter valued at $26,000. True Wealth Design LLC boosted its position in shares of Gates Industrial by 133.2% during the 3rd quarter. True Wealth Design LLC now owns 1,166 shares of the company’s stock valued at $29,000 after acquiring an additional 666 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of 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 acquiring an additional 539 shares in the last quarter. Allworth Financial LP increased its stake in Gates Industrial by 43.0% in the second quarter. Allworth Financial LP now owns 2,096 shares of the company’s stock valued at $48,000 after acquiring an additional 630 shares during the period. Finally, SJS Investment Consulting Inc. increased its stake in Gates Industrial by 5,123.7% in the third quarter. SJS Investment Consulting Inc. now owns 1,985 shares of the company’s stock valued at $49,000 after acquiring an additional 1,947 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

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.