Fort Washington Investment Advisors Inc. OH Boosts Stock Position in Frontdoor Inc. $FTDR

Fort Washington Investment Advisors Inc. OH raised its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 7.4% in the first quarter, Holdings Channel reports. The firm owned 799,843 shares of the company’s stock after purchasing an additional 55,330 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Frontdoor were worth $42,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FTDR. Pictet Asset Management Holding SA grew its position in Frontdoor by 8.8% during the first quarter. Pictet Asset Management Holding SA now owns 10,793 shares of the company’s stock valued at $571,000 after buying an additional 871 shares during the period. Louisiana State Employees Retirement System bought a new stake in Frontdoor in the first quarter worth about $1,692,000. Blue Trust Inc. raised its position in Frontdoor by 33.4% in the first quarter. Blue Trust Inc. now owns 4,183 shares of the company’s stock worth $221,000 after acquiring an additional 1,047 shares during the period. Evolve Private Wealth LLC boosted its stake in Frontdoor by 2.8% in the first quarter. Evolve Private Wealth LLC now owns 11,312 shares of the company’s stock valued at $598,000 after acquiring an additional 312 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Frontdoor in the first quarter valued at about $2,660,000.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $74.73 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.95. The firm has a market capitalization of $5.25 billion, a PE ratio of 21.41 and a beta of 1.50. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $75.96. The company has a 50-day moving average price of $64.88 and a two-hundred day moving average price of $60.81.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) 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 company had revenue of $451.00 million for the quarter, compared to analyst estimates of $442.28 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts forecast that Frontdoor Inc. will post 4.48 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. 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. Wall Street Zen lowered Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group upgraded Frontdoor from a “sell” rating to a “neutral” rating and boosted their target price for the company from $50.00 to $67.00 in a research note on Monday, March 2nd. 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 company. According to data from MarketBeat.com, Frontdoor has an average rating of “Moderate Buy” and a consensus target price of $72.00.

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.