UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in The ODP Co. (NASDAQ:ODP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in The ODP Co. (NASDAQ:ODP - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,804 shares of the specialty retailer's stock after acquiring an additional 24,198 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.35% of ODP worth $2,429,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ODP. Rockefeller Capital Management L.P. grew its stake in ODP by 2.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 28,189 shares of the specialty retailer's stock valued at $641,000 after purchasing an additional 568 shares during the last quarter. MetLife Investment Management LLC raised its holdings in ODP by 4.8% in the 4th quarter. MetLife Investment Management LLC now owns 21,601 shares of the specialty retailer's stock worth $491,000 after purchasing an additional 994 shares during the period. Tower Research Capital LLC TRC raised its holdings in ODP by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after purchasing an additional 1,198 shares during the period. New York State Common Retirement Fund raised its holdings in shares of ODP by 17.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock valued at $258,000 after acquiring an additional 1,700 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of ODP by 34.9% during the fourth quarter. ProShare Advisors LLC now owns 9,799 shares of the specialty retailer's stock valued at $223,000 after acquiring an additional 2,536 shares during the last quarter. 99.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut ODP from a "buy" rating to a "hold" rating in a report on Friday.

ODP Trading Down 1.3%

ODP stock traded down $0.23 during mid-day trading on Friday, hitting $17.77. The company's stock had a trading volume of 428,368 shares, compared to its average volume of 618,535. The ODP Co. has a 1 year low of $11.85 and a 1 year high of $43.31. The stock's fifty day moving average is $15.02 and its two-hundred day moving average is $19.05. The firm has a market capitalization of $534.56 million, a PE ratio of -19.53, a price-to-earnings-growth ratio of 0.30 and a beta of 1.32. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28.

ODP (NASDAQ:ODP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, topping the consensus estimate of $0.65 by $0.41. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.67 billion. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company's quarterly revenue was down 9.2% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share. On average, analysts anticipate that The ODP Co. will post 3.26 EPS for the current year.

ODP Company Profile

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.