Illinois Municipal Retirement Fund Has $1.63 Million Position in Frontdoor, Inc. (NASDAQ:FTDR)

Illinois Municipal Retirement Fund lessened its position in Frontdoor, Inc. (NASDAQ:FTDR) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,231 shares of the company’s stock after selling 1,341 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Frontdoor worth $1,628,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new stake in Frontdoor during the 4th quarter worth approximately $49,000. Acadian Asset Management LLC bought a new stake in shares of Frontdoor during the third quarter worth $88,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Frontdoor in the third quarter valued at $93,000. CI Investments Inc. bought a new position in shares of Frontdoor in the third quarter valued at about $150,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Frontdoor during the 4th quarter worth about $220,000.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered their price objective on shares of Frontdoor from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.40.

Frontdoor Trading Up 1.2 %

FTDR stock opened at $31.05 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.24. Frontdoor, Inc. has a twelve month low of $26.09 and a twelve month high of $38.97. The company has a market cap of $2.42 billion, a P/E ratio of 14.65 and a beta of 0.89. The business has a fifty day moving average of $31.34 and a 200-day moving average of $32.71.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. The firm had revenue of $366.00 million during the quarter, compared to analyst estimates of $360.47 million. During the same period last year, the company earned $0.13 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that Frontdoor, Inc. will post 2.36 EPS for the current year.

About Frontdoor

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.