Fort Washington Investment Advisors Inc. OH Acquires 55,330 Shares of Frontdoor Inc. $FTDR

Fort Washington Investment Advisors Inc. OH raised its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 799,843 shares of the company’s stock after buying an additional 55,330 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 1.13% of Frontdoor worth $42,280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTDR. Boston Partners increased its stake in shares of Frontdoor by 8.5% in the 4th quarter. Boston Partners now owns 5,777,252 shares of the company’s stock valued at $333,742,000 after acquiring an additional 454,040 shares in the last quarter. Marshall Wace LLP bought a new position in Frontdoor during the third quarter worth $23,871,000. Reinhart Partners LLC. boosted its stake in Frontdoor by 25.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock worth $93,987,000 after acquiring an additional 332,556 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Frontdoor by 309.6% in the second quarter. Cubist Systematic Strategies LLC now owns 431,446 shares of the company’s stock worth $25,429,000 after purchasing an additional 326,112 shares during the period. Finally, Millennium Management LLC grew its holdings in Frontdoor by 533.0% in the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after purchasing an additional 258,920 shares during the period.

Analyst Ratings Changes

Several equities research analysts have weighed in on FTDR shares. Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and lifted their price target for the company from $50.00 to $67.00 in a research report on Monday, March 2nd. Finally, Benchmark initiated coverage on shares of Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Frontdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Frontdoor Stock Performance

NASDAQ FTDR opened at $74.73 on Friday. The company has a fifty day moving average price of $64.88 and a 200-day moving average price of $60.81. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 21.41 and a beta of 1.50. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $75.96.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, topping 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 business had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $442.28 million. During the same period in the previous year, the company earned $0.64 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

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.