Trexquant Investment LP Invests $1.83 Million in Resideo Technologies, Inc. $REZI

Key Points

• Trexquant Investment LP invested approximately $1.83 million in Resideo Technologies, acquiring 103,371 shares and holding 0.07% of the company.
• Resideo recently reported a positive earnings performance with $0.66 EPS for the quarter, exceeding analyst expectations, and its revenue increased by 22.3% year-over-year.
• Multiple brokerages upgraded Resideo Technologies in recent months, with Morgan Stanley raising the price target from $24.00 to $35.00.

Trexquant Investment LP acquired a new position in Resideo Technologies, Inc. (NYSE:REZI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 103,371 shares of the company's stock, valued at approximately $1,830,000. Trexquant Investment LP owned 0.07% of Resideo Technologies as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of REZI. Hotchkis & Wiley Capital Management LLC lifted its holdings in Resideo Technologies by 4.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 665,460 shares of the company's stock valued at $11,779,000 after acquiring an additional 28,950 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Resideo Technologies during the first quarter valued at about $514,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Resideo Technologies during the first quarter valued at about $65,000. Hsbc Holdings PLC lifted its stake in Resideo Technologies by 2.5% during the first quarter. Hsbc Holdings PLC now owns 23,372 shares of the company's stock valued at $412,000 after buying an additional 578 shares in the last quarter. Finally, Maven Securities LTD purchased a new stake in shares of Resideo Technologies in the 1st quarter valued at approximately $442,000. Institutional investors and hedge funds own 91.71% of the company's stock.

Insider Buying and Selling

In other Resideo Technologies news, major shareholder Channel Holdings Ii L.P. Cd&R purchased 4,477,919 shares of the company's stock in a transaction on Friday, July 25th. The shares were bought at an average cost of $22.33 per share, with a total value of $99,991,931.27. Following the transaction, the insider directly owned 10,232,420 shares in the company, valued at approximately $228,489,938.60. This represents a 77.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders purchased 7,545,693 shares of company stock valued at $194,098,517 and sold 136,021 shares valued at $4,091,809. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

REZI has been the subject of several research analyst reports. Oppenheimer raised Resideo Technologies from a "market perform" rating to an "outperform" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their price objective on Resideo Technologies from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Finally, Morgan Stanley upgraded Resideo Technologies from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $24.00 to $35.00 in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $28.00.

Resideo Technologies Stock Performance

Shares of REZI stock traded up $0.70 during trading on Wednesday, reaching $36.34. The company had a trading volume of 147,726 shares, compared to its average volume of 1,226,888. The firm's 50 day simple moving average is $28.60 and its two-hundred day simple moving average is $22.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.63. Resideo Technologies, Inc. has a one year low of $14.18 and a one year high of $36.60. The company has a market capitalization of $5.41 billion, a PE ratio of -6.65 and a beta of 2.24.

Resideo Technologies (NYSE:REZI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.12. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.83 billion. Resideo Technologies had a positive return on equity of 12.55% and a negative net margin of 10.52%.The firm's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. Resideo Technologies has set its FY 2025 guidance at 2.750-2.870 EPS. Q3 2025 guidance at 0.700-0.760 EPS. Sell-side analysts forecast that Resideo Technologies, Inc. will post 2.13 earnings per share for the current 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.