G&K Services Inc. (GK) Upgraded to “Hold” at Zacks Investment Research

G&K Services Inc. (NASDAQ:GK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “G&K Services, Inc. is a market leader in branded identity apparel programs and facility services in the United States, and is the largest such provider in Canada. G&K operates over processing facilities and branch offices. “

In other G&K Services news, VP Thomas Joseph Dietz sold 1,068 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $71.05, for a total transaction of $75,881.40. Following the sale, the vice president now owns 10,263 shares of the company’s stock, valued at $729,186.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

G&K Services (NASDAQ:GK) traded up 0.57% during mid-day trading on Tuesday, hitting $81.19. The company’s stock had a trading volume of 72,072 shares. G&K Services has a 52-week low of $51.94 and a 52-week high of $81.44. The firm has a market cap of $1.60 billion and a price-to-earnings ratio of 24.46. The firm has a 50 day moving average of $76.96 and a 200-day moving average of $71.04.

Other hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of G&K Services by 29.7% in the first quarter. BlackRock Inc. now owns 1,507 shares of the company’s stock worth $111,000 after buying an additional 345 shares during the period. Bank of Montreal Can purchased a new stake in shares of G&K Services during the second quarter worth approximately $218,000. Aperio Group LLC purchased a new stake in shares of G&K Services during the first quarter worth approximately $336,000. Legal & General Group Plc boosted its stake in shares of G&K Services by 16.7% in the first quarter. Legal & General Group Plc now owns 4,793 shares of the company’s stock worth $351,000 after buying an additional 686 shares during the period. Finally, First Republic Investment Management Inc. boosted its stake in shares of G&K Services by 36.6% in the first quarter. First Republic Investment Management Inc. now owns 5,557 shares of the company’s stock worth $406,000 after buying an additional 1,489 shares during the period.

Separately, Sidoti downgraded G&K Services from a “buy” rating to a “neutral” rating in a report on Monday, June 6th.

G&K Services, Inc is a service-focused market leader of branded uniform and facility services programs. The Company’s facility products and services include floor mats, towels, mops and restroom hygiene products. The Company serves customers in industries including automotive, warehousing, distribution, transportation, energy, manufacturing, food processing, pharmaceutical, retail, restaurants, hospitality, government, healthcare and others.