Squarepoint Ops LLC Acquires Shares of 12,326 Resideo Technologies, Inc. (NYSE:REZI)

Squarepoint Ops LLC acquired a new position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,326 shares of the company's stock, valued at approximately $284,000.

Several other large investors also recently modified their holdings of the company. Quarry LP purchased a new position in Resideo Technologies during the fourth quarter valued at $28,000. Smartleaf Asset Management LLC lifted its position in Resideo Technologies by 293.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,600 shares of the company's stock valued at $60,000 after purchasing an additional 1,939 shares in the last quarter. Blue Trust Inc. lifted its position in Resideo Technologies by 28.9% during the fourth quarter. Blue Trust Inc. now owns 3,241 shares of the company's stock valued at $75,000 after purchasing an additional 726 shares in the last quarter. Sterling Capital Management LLC lifted its position in Resideo Technologies by 705.9% during the fourth quarter. Sterling Capital Management LLC now owns 4,755 shares of the company's stock valued at $110,000 after purchasing an additional 4,165 shares in the last quarter. Finally, Natixis purchased a new position in shares of Resideo Technologies in the fourth quarter valued at about $115,000. Institutional investors own 91.71% of the company's stock.

Insider Activity

In other news, major shareholder Channel Holdings Ii L.P. Cd&R bought 5,754,501 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $17.38 per share, for a total transaction of $100,013,227.38. Following the completion of the transaction, the insider now owns 5,754,501 shares of the company's stock, valued at approximately $100,013,227.38. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company's stock.

Resideo Technologies Price Performance

Shares of Resideo Technologies stock traded up $0.17 during trading hours on Tuesday, hitting $21.64. The company's stock had a trading volume of 830,080 shares, compared to its average volume of 980,703. The business has a 50 day moving average price of $18.34 and a two-hundred day moving average price of $20.77. Resideo Technologies, Inc. has a 12-month low of $14.18 and a 12-month high of $28.28. The company has a market cap of $3.21 billion, a PE ratio of 34.34 and a beta of 2.19. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.82.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on Resideo Technologies from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd.

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.