Reinhart Partners LLC. Increases Stake in Frontdoor Inc. $FTDR

Reinhart Partners LLC. raised its stake in shares of Frontdoor Inc. (NASDAQ:FTDR) by 25.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,629,152 shares of the company’s stock after buying an additional 332,556 shares during the quarter. Frontdoor comprises approximately 2.8% of Reinhart Partners LLC.’s holdings, making the stock its 15th largest position. Reinhart Partners LLC.’s holdings in Frontdoor were worth $93,987,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in Frontdoor by 256.3% during the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after buying an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after buying an additional 497 shares in the last quarter. Quarry LP grew its holdings in shares of Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after purchasing an additional 713 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after purchasing an additional 1,089 shares in the last quarter. Finally, LSV Asset Management purchased a new position in shares of Frontdoor in the third quarter valued at $87,000.

Frontdoor Trading Up 2.4%

FTDR stock opened at $61.93 on Wednesday. The firm has a fifty day moving average price of $60.25 and a 200 day moving average price of $58.67. Frontdoor Inc. has a fifty-two week low of $48.47 and a fifty-two week high of $70.77. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $4.35 billion, a PE ratio of 17.74 and a beta of 1.50.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $451.00 million during the quarter, compared to analyst estimates of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. Frontdoor’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. Sell-side analysts anticipate that Frontdoor Inc. will post 4.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.