Gw&K Investment Management 13F: Cuts GTES Stake by $14M

Gw&K Investment Management recently trimmed its position in Gates Industrial Corporation plc (NYSE:GTES). The investment firm reduced its holdings by 506,045 shares, bringing its total to 4,028,336 shares. This represents an 11.2% decrease in their stake, valued at approximately $109.3 million, according to the latest Form 13F filing with the SEC as of May 13, 2026.

What Changed in Gw&K's Gates Industrial Position

Gw&K Investment Management cut its stake in Gates Industrial by 506,045 shares, reducing its position by 11.2% to 4,028,336 shares. The value of the remaining shares is approximately $109.3 million. This reduction reflects a strategic decision by Gw&K during the reporting period.

Other Institutional Activity in Gates Industrial

Several other institutional investors have also adjusted their positions in Gates Industrial. BlackRock, Inc. grew its holdings by 356,165 shares, ending with 29,732,050 shares worth about $672.2 million. FMR LLC added 1,560,944 shares, bringing its total to 18,013,867 shares valued at $407.3 million. Meanwhile, Allspring Global Investments Holdings, LLC decreased its position by 1,572,998 shares, leaving it with 12,596,459 shares valued at $290.6 million.

Gates Industrial Corporation plc Stock Up 9.2%

Shares of Gates Industrial (NYSE:GTES) are trading near $27.14. The company has a market capitalization of approximately $6.89 billion and a forward P/E ratio of 14.5. Its beta is 1.272, indicating moderate volatility compared to the market. The stock's 52-week range is between $20.88 and $28.47. It has a 50-day moving average of $25.25 and a 200-day moving average of $24.28.

Recent Earnings

Gates Industrial reported revenue of $3.45 billion with a slight growth of 0.4%. The company's net margin stands at 7.2%, and it has a return on equity of 7.7%. The company is expected to announce its next earnings on July 30, 2026.

Insider Buying and Selling at Gates Industrial Corporation plc

There has been notable insider activity at Gates Industrial. On March 4, 2026, Thomas Pitstick, President of Americas, purchased 20,576 shares. On the same day, CEO Ivo Jurek sold 27,966 shares at an average price of $26.37. Chief Legal Officer Cristin Bracken and CFO Lawrence Mallard also sold shares on March 4.

Analysts Set New Price Targets

On May 29, 2026, Morgan Stanley maintained its hold rating on Gates Industrial with a price target of $28. Baird reiterated a buy rating with a target of $37 on May 4. Barclays also maintained a buy rating with a $28 target on April 1. The consensus target price among 12 analysts is approximately $31.08.

About Gates Industrial Corporation plc

Gates Industrial Corporation plc, headquartered in Denver, Colorado, designs and manufactures power transmission and fluid power solutions. Operating in the industrial sector, the company serves markets across the globe, including North and South America, Europe, and Asia. Gates provides products for industrial applications such as manufacturing, logistics, and data centers, as well as for consumer and automotive needs. Led by CEO Ivo Jurek, the company employs around 13,000 people.

Bottom Line

Gw&K Investment Management's reduction in Gates Industrial shares reflects strategic portfolio adjustments. Gates Industrial, with its significant market presence, remains a key player in the industrial machinery sector. Investors will continue to watch its performance, especially as the next earnings date approaches on July 30, 2026. As always, remember that 13F filings offer a snapshot of past holdings and may not represent current positions.