Northern Trust Corp Acquires 69,198 Shares of The ODP Co. (NASDAQ:ODP)

Northern Trust Corp lifted its position in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 600,027 shares of the specialty retailer's stock after buying an additional 69,198 shares during the quarter. Northern Trust Corp owned approximately 1.99% of ODP worth $13,645,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ODP. Tower Research Capital LLC TRC raised its position in shares of ODP by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after buying an additional 1,198 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of ODP during the fourth quarter worth approximately $150,000. Inceptionr LLC acquired a new stake in shares of ODP during the fourth quarter worth approximately $223,000. Walleye Capital LLC acquired a new stake in shares of ODP during the fourth quarter worth approximately $253,000. Finally, New York State Common Retirement Fund lifted its stake in ODP by 17.6% in 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. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of ODP from a "hold" rating to a "buy" rating in a research note on Friday, May 9th.

ODP Trading Down 1.1%

Shares of NASDAQ:ODP traded down $0.19 during trading on Tuesday, hitting $17.38. 122,655 shares of the company's stock were exchanged, compared to its average volume of 694,824. The ODP Co. has a 1-year low of $11.85 and a 1-year high of $43.31. The firm has a 50-day moving average price of $14.46 and a two-hundred day moving average price of $20.04. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The firm has a market cap of $522.83 million, a P/E ratio of -19.05, a PEG ratio of 0.30 and a beta of 1.29.

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

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.