Jacobs Levy Equity Management Inc. Sells 39,960 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Jacobs Levy Equity Management Inc. cut its stake in Resideo Technologies, Inc. (NYSE:REZI - Free Report) by 82.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,726 shares of the company's stock after selling 39,960 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Resideo Technologies were worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Resideo Technologies during the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new position in shares of Resideo Technologies during the 4th quarter worth $30,000. Smartleaf Asset Management LLC lifted its position in shares of Resideo Technologies by 293.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock worth $60,000 after buying an additional 1,939 shares during the last quarter. Blue Trust Inc. boosted its stake in Resideo Technologies by 28.9% in the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after buying an additional 726 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in Resideo Technologies by 705.9% in the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after acquiring an additional 4,165 shares during the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $17.38 per share, for a total transaction of $100,013,227.38. Following the acquisition, the insider now directly owns 5,754,501 shares of the company's stock, valued at approximately $100,013,227.38. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut shares of Resideo Technologies from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $31.00 to $16.00 in a research report on Tuesday, April 22nd.

Resideo Technologies Price Performance

REZI stock traded down $0.78 during midday trading on Wednesday, reaching $20.04. 798,224 shares of the stock were exchanged, compared to its average volume of 969,434. The company has a fifty day moving average price of $17.56 and a 200 day moving average price of $21.15. The stock has a market capitalization of $2.98 billion, a PE ratio of 31.80 and a beta of 2.23. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $28.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.82 and a quick ratio of 1.10.

Resideo Technologies (NYSE:REZI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.08). Resideo Technologies had a net margin of 1.69% and a return on equity of 11.12%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. As a group, analysts expect that Resideo Technologies, Inc. will post 2.13 EPS for the current fiscal year.

Resideo Technologies 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.