Boston Partners Has $333.74 Million Stake in Frontdoor Inc. $FTDR

Boston Partners increased its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 8.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,777,252 shares of the company’s stock after purchasing an additional 454,040 shares during the period. Boston Partners owned 0.08% of Frontdoor worth $333,742,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Frontdoor by 26.8% during the third quarter. JPMorgan Chase & Co. now owns 225,385 shares of the company’s stock worth $15,166,000 after buying an additional 47,587 shares in the last quarter. Prana Capital Management LP bought a new stake in Frontdoor in the third quarter valued at approximately $1,762,000. Public Sector Pension Investment Board boosted its holdings in Frontdoor by 11.7% in the third quarter. Public Sector Pension Investment Board now owns 316,564 shares of the company’s stock valued at $21,302,000 after acquiring an additional 33,261 shares during the last quarter. Swedbank AB boosted its holdings in shares of Frontdoor by 6.0% during the 4th quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock worth $74,051,000 after buying an additional 73,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Frontdoor by 112.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 80,069 shares of the company’s stock valued at $4,619,000 after buying an additional 42,462 shares in the last quarter.

Analyst Ratings Changes

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

Frontdoor Stock Up 1.9%

Shares of FTDR opened at $68.83 on Friday. The firm has a market cap of $4.83 billion, a P/E ratio of 19.72 and a beta of 1.50. The stock has a 50 day simple moving average of $61.90 and a two-hundred day simple moving average of $59.52. 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 $70.77.

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

About Frontdoor

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.