Are G&K (NASDAQ:GK) Shares Headed North? Sidoti Issues Upgrade.


G&K (NASDAQ:GK) Stock Upgrade

Shares of G&K (NASDAQ:GK) were increased by professional analysts at Sidoti from a “Neutral” rating to a solid “Buy” rating via a comprehensive report distributed on Wednesday morning.

Approximately 70,650 shares of stock traded hands. G&K Services Inc (NASDAQ:GK) has declined 10.79% since May 13, 2015 and is downtrending. It has underperformed by 8.17% the S&P500.

The overall sentiment of institutions has increased to 1.04 in Q2 2015. Its up 0.03, from 1.01 in 2015Q2. The ratio increased, as 19 institutions have sold all the shares of G&K Services Inc that they owned while 57 funds have taken shares off the table. 18 funds have purchased shares for the first time while 61 added to their positions. These institutions now hold 26.90 million shares or 43.78% more than the 18.71 million shares they owned in 2015Q2.

The Fund Mesirow Financial Investment Management Us Value Equity currently is holding shares equating to 1.49% of its total portfolio in G&K Services Inc representing a total of 80,089 shares. Another fund,Denver Investment Advisors Llc, is holding a total of 332,745 shares equating to 0.96% of their holdings. Additionally, Tygh Capital Management Inc. has a 60,193 share stake in G&K Services Inc which represents 0.95% of their total portfolio. The Fund, Copeland Capital Management Llc, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 0.89% of their total portfolio. Finally Sandler Capital Management, a fund which is based in the state of New York reported a total holdings of 113,629 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 12, 2015, shareholders of G&K Services Inc have witnessed 0 buys, and a total of 5 insider sales equating to a net activity of approximately $1.82 million . Dietz Thomas Joseph sold 1,886 shares worth approximately $128,248. Bronson John S sold 7,200 shares worth approximately $489,600. Milroy Douglas A. sold 15,000 shares worth approximately $1.00M. Cotter Jeffrey Louis sold 1,492 shares worth approximately $100,077. The company insider Fortun Wayne M sold 1,500 shares worth $102,045.

G&K Services, Inc. is a service-focused market leader of branded uniform and facility services programs. The company has a market cap of $1.23 billion. The Company’s facility services and products include floor mats, towels, mops and restroom hygiene products. It has 22.19 P/E ratio. The Firm serves clients in industries including automotive, warehousing, distribution, transportation, energy, manufacturing, food processing, pharmaceutical, retail, restaurants, hospitality, government, healthcare and others.

According to Zacks Investment Research, “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.”