Great West Life Assurance Co. Can maintained its position in G&K Services Inc. (NASDAQ:GK) during the second quarter, Holdings Channel reports. The institutional investor owned 2,126 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in G&K Services were worth $155,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GK. JPMorgan Chase & Co. increased its stake in shares of G&K Services by 213.0% in the first quarter. JPMorgan Chase & Co. now owns 470,753 shares of the company’s stock worth $34,482,000 after buying an additional 320,343 shares during the last quarter. Norges Bank acquired a new stake in shares of G&K Services during the fourth quarter worth $13,397,000. Wellington Management Group LLP increased its stake in shares of G&K Services by 4.5% in the first quarter. Wellington Management Group LLP now owns 1,798,623 shares of the company’s stock worth $131,749,000 after buying an additional 77,469 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of G&K Services during the second quarter worth $5,493,000. Finally, Mondrian Investment Partners LTD increased its stake in shares of G&K Services by 8,144.9% in the first quarter. Mondrian Investment Partners LTD now owns 35,783 shares of the company’s stock worth $2,621,000 after buying an additional 35,349 shares during the last quarter. 94.75% of the stock is currently owned by institutional investors.

Shares of G&K Services Inc. (NASDAQ:GK) traded up 0.29% on Wednesday, hitting $96.74. The company had a trading volume of 196,235 shares. G&K Services Inc. has a 52 week low of $51.94 and a 52 week high of $98.22. The firm’s 50 day moving average price is $92.31 and its 200-day moving average price is $78.89. The stock has a market capitalization of $1.90 billion, a PE ratio of 26.80 and a beta of 1.17.

G&K Services (NASDAQ:GK) last released its earnings results on Tuesday, August 16th. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.05. The company earned $258.50 million during the quarter, compared to analysts’ expectations of $257.80 million. G&K Services had a return on equity of 18.89% and a net margin of 7.38%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. Analysts forecast that G&K Services Inc. will post $3.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, September 8th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, September 6th. This is a boost from G&K Services’s previous quarterly dividend of $0.37. G&K Services’s dividend payout ratio (DPR) is presently 43.21%.

Several research firms have recently commented on GK. Zacks Investment Research downgraded G&K Services from a “hold” rating to a “sell” rating in a report on Thursday, August 18th. JPMorgan Chase & Co. downgraded G&K Services from an “overweight” rating to a “neutral” rating and set a $97.00 price objective for the company. in a report on Thursday, August 18th. Robert W. Baird raised G&K Services from a “neutral” rating to an “outperform” rating and set a $111.00 target price on the stock in a research report on Wednesday, August 17th. Finally, Sidoti cut G&K Services from a “buy” rating to a “neutral” rating in a research report on Monday, June 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. G&K Services has a consensus rating of “Hold” and a consensus target price of $94.67.

In other G&K Services news, VP Jeffrey Louis Cotter sold 477 shares of G&K Services stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $96.99, for a total value of $46,264.23. Following the completion of the sale, the vice president now owns 26,881 shares of the company’s stock, valued at approximately $2,607,188.19. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director M Lenny Pippin sold 2,400 shares of G&K Services stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $97.30, for a total value of $233,520.00. Following the completion of the sale, the director now directly owns 22,398 shares of the company’s stock, valued at approximately $2,179,325.40. The disclosure for this sale can be found here. Corporate insiders own 3.66% of the company’s stock.

About G&K Services

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.

5 Day Chart for NASDAQ:GK

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