Quantbot Technologies LP Increases Position in Resideo Technologies, Inc. (NYSE:REZI)

Quantbot Technologies LP increased its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 80.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 23,807 shares of the company’s stock after acquiring an additional 10,640 shares during the period. Quantbot Technologies LP’s holdings in Resideo Technologies were worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its holdings in shares of Resideo Technologies by 15.1% in the 4th quarter. Teacher Retirement System of Texas now owns 184,833 shares of the company’s stock worth $4,260,000 after acquiring an additional 24,198 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Resideo Technologies during the fourth quarter worth $119,000. Xponance Inc. acquired a new position in shares of Resideo Technologies during the 4th quarter worth $293,000. Boston Partners raised its stake in shares of Resideo Technologies by 25.1% during the 4th quarter. Boston Partners now owns 9,797,883 shares of the company’s stock worth $225,865,000 after buying an additional 1,966,706 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Resideo Technologies in the fourth quarter valued at about $315,000. 91.71% of the stock is owned by hedge funds and other institutional investors.

Resideo Technologies Price Performance

Shares of NYSE:REZI opened at $18.53 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82. The stock has a market cap of $2.74 billion, a PE ratio of 29.41 and a beta of 2.32. Resideo Technologies, Inc. has a one year low of $16.88 and a one year high of $28.28. The business’s fifty day moving average price is $20.29 and its two-hundred day moving average price is $21.85.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Resideo Technologies had a return on equity of 11.12% and a net margin of 1.69%. On average, analysts forecast that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.