Reinhart Partners LLC. Raises Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Reinhart Partners LLC. boosted its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 16.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,368,684 shares of the company’s stock after purchasing an additional 331,066 shares during the quarter. Frontdoor accounts for about 3.3% of Reinhart Partners LLC.’s portfolio, making the stock its 6th biggest position. Reinhart Partners LLC.’s holdings in Frontdoor were worth $91,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Frontdoor by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company’s stock worth $528,893,000 after acquiring an additional 78,134 shares in the last quarter. FIL Ltd raised its position in Frontdoor by 8.3% in the fourth quarter. FIL Ltd now owns 2,410,561 shares of the company’s stock worth $131,785,000 after acquiring an additional 184,051 shares in the last quarter. Geode Capital Management LLC raised its position in Frontdoor by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company’s stock worth $116,336,000 after acquiring an additional 14,079 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Frontdoor by 6.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,067,575 shares of the company’s stock worth $113,034,000 after acquiring an additional 122,981 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Frontdoor by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,791,666 shares of the company’s stock worth $97,952,000 after acquiring an additional 10,192 shares in the last quarter.

Frontdoor Price Performance

NASDAQ FTDR opened at $57.94 on Friday. The stock’s 50-day moving average price is $47.52 and its two-hundred day moving average price is $51.20. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The company has a market cap of $4.26 billion, a PE ratio of 19.19 and a beta of 1.21. Frontdoor, Inc. has a 1 year low of $32.95 and a 1 year high of $63.49.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm had revenue of $426.00 million for the quarter, compared to the consensus estimate of $416.37 million. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts predict that Frontdoor, Inc. will post 3.07 EPS for the current year.

Analyst Ratings Changes

FTDR has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Frontdoor from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday. The Goldman Sachs Group cut their price objective on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. Finally, Truist Financial boosted their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th.

Frontdoor Company Profile

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.