Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Holdings in Resideo Technologies, Inc. $REZI

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 74.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,563 shares of the company’s stock after selling 62,329 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Resideo Technologies were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of REZI. Royal Bank of Canada increased its position in shares of Resideo Technologies by 50.0% during the first quarter. Royal Bank of Canada now owns 49,395 shares of the company’s stock worth $873,000 after acquiring an additional 16,467 shares during the period. AQR Capital Management LLC increased its position in shares of Resideo Technologies by 58.9% during the first quarter. AQR Capital Management LLC now owns 122,734 shares of the company’s stock worth $2,172,000 after acquiring an additional 45,517 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Resideo Technologies by 7.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 126,161 shares of the company’s stock valued at $2,233,000 after buying an additional 9,106 shares during the last quarter. Millennium Management LLC increased its holdings in Resideo Technologies by 1,123.6% in the first quarter. Millennium Management LLC now owns 263,821 shares of the company’s stock valued at $4,670,000 after buying an additional 242,260 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Resideo Technologies by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,149 shares of the company’s stock valued at $7,773,000 after buying an additional 26,254 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Wall Street Analyst Weigh In

REZI has been the topic of several recent analyst reports. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Morgan Stanley increased their target price on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Resideo Technologies presently has a consensus rating of “Hold” and an average price target of $39.67.

Resideo Technologies Stock Performance

Shares of REZI opened at $40.13 on Monday. The stock has a 50 day moving average price of $36.74 and a 200 day moving average price of $36.28. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of -9.96 and a beta of 1.75. Resideo Technologies, Inc. has a 52-week low of $17.08 and a 52-week high of $45.29.

Resideo Technologies Company Profile

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.