Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in The ODP Co. (NASDAQ:ODP)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 86,740 shares of the specialty retailer's stock, valued at approximately $1,972,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.29% of ODP at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC raised its holdings in shares of ODP by 114.3% during the 3rd quarter. Barclays PLC now owns 99,671 shares of the specialty retailer's stock valued at $2,965,000 after buying an additional 53,160 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of ODP by 5.1% during the 4th quarter. Empowered Funds LLC now owns 194,875 shares of the specialty retailer's stock valued at $4,431,000 after buying an additional 9,448 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of ODP by 17.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,340 shares of the specialty retailer's stock valued at $258,000 after buying an additional 1,700 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of ODP by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 491,587 shares of the specialty retailer's stock valued at $11,179,000 after buying an additional 10,137 shares in the last quarter. Finally, Inceptionr LLC purchased a new position in shares of ODP during the 4th quarter valued at about $223,000. Institutional investors own 99.56% of the company's stock.

ODP Trading Down 1.3%

ODP stock traded down $0.23 during trading hours on Friday, reaching $17.77. The company had a trading volume of 428,368 shares, compared to its average volume of 617,695. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The company has a 50-day moving average price of $15.02 and a 200 day moving average price of $19.15. The firm has a market cap of $534.56 million, a price-to-earnings ratio of -19.53, a P/E/G ratio of 0.30 and a beta of 1.32. The ODP Co. has a 12-month low of $11.85 and a 12-month high of $43.31.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised ODP from a "hold" rating to a "buy" rating in a report on Friday, May 9th.

About ODP

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.