Frontdoor Inc. $FTDR Shares Bought by Fiera Capital Corp

Fiera Capital Corp increased its stake in Frontdoor Inc. (NASDAQ:FTDR) by 30.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,702 shares of the company’s stock after purchasing an additional 222,633 shares during the quarter. Fiera Capital Corp owned 1.32% of Frontdoor worth $54,846,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Frontdoor by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock valued at $1,761,000 after purchasing an additional 1,994 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Frontdoor by 533.0% in the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock valued at $11,814,000 after purchasing an additional 258,920 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Frontdoor by 10.5% in the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock valued at $423,000 after purchasing an additional 1,044 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Frontdoor by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock valued at $9,126,000 after purchasing an additional 13,134 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Frontdoor by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after purchasing an additional 497 shares in the last quarter.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $63.64 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. The firm has a 50-day moving average price of $60.61 and a two-hundred day moving average price of $59.01. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $70.77. The company has a market capitalization of $4.47 billion, a P/E ratio of 18.23 and a beta of 1.50.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FTDR. Oppenheimer reiterated an “outperform” rating and issued a $70.00 price target on shares of Frontdoor in a report on Thursday, February 26th. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and increased their price target for the company from $50.00 to $67.00 in a report on Monday, March 2nd. Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Benchmark started coverage on shares of Frontdoor in a report on Thursday, March 26th. They issued a “buy” rating and a $80.00 price target for the company. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Frontdoor Company 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.