Boston Partners Grows Stock Position in Frontdoor Inc. $FTDR

Boston Partners increased its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 8.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,777,252 shares of the company’s stock after acquiring an additional 454,040 shares during the period. Boston Partners owned approximately 8.01% of Frontdoor worth $333,742,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Frontdoor by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 1,887,029 shares of the company’s stock valued at $108,879,000 after buying an additional 27,237 shares during the period. Reinhart Partners LLC. raised its position in Frontdoor by 25.6% in the fourth quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock valued at $93,987,000 after purchasing an additional 332,556 shares during the period. Swedbank AB raised its position in Frontdoor by 6.0% in the fourth quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock valued at $74,051,000 after purchasing an additional 73,000 shares during the period. Wasatch Advisors LP raised its position in Frontdoor by 14.9% in the fourth quarter. Wasatch Advisors LP now owns 1,112,470 shares of the company’s stock valued at $64,178,000 after purchasing an additional 144,184 shares during the period. Finally, Invesco Ltd. raised its position in Frontdoor by 2.5% in the third quarter. Invesco Ltd. now owns 1,108,815 shares of the company’s stock valued at $74,612,000 after purchasing an additional 27,410 shares during the period.

Frontdoor Stock Up 1.9%

NASDAQ FTDR opened at $68.83 on Friday. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50 day simple moving average is $61.90 and its 200 day simple moving average is $59.52. Frontdoor Inc. has a 12 month low of $48.47 and a 12 month high of $70.77. The company has a market capitalization of $4.83 billion, a P/E ratio of 19.72 and a beta of 1.50.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The company had revenue of $451.00 million during the quarter, compared to analysts’ expectations of $442.28 million. During the same quarter in the prior year, the company posted $0.64 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Frontdoor Inc. will post 4.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

FTDR has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and upped their price objective for the company from $50.00 to $67.00 in a research note on Monday, March 2nd. Benchmark initiated coverage on shares of Frontdoor in a research note on Thursday, March 26th. They issued a “buy” rating and a $80.00 price objective for the company. Oppenheimer restated an “outperform” rating and issued a $70.00 price objective on shares of Frontdoor in a research note on Thursday, February 26th. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Finally, Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Frontdoor Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.