Boston Partners Has $323.93 Million Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Boston Partners decreased its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,911,538 shares of the company’s stock after selling 272,358 shares during the quarter. Boston Partners owned 7.80% of Frontdoor worth $323,929,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Atria Investments Inc bought a new position in shares of Frontdoor in the 3rd quarter valued at about $315,000. Natixis Advisors LLC boosted its position in shares of Frontdoor by 13.3% in the third quarter. Natixis Advisors LLC now owns 17,213 shares of the company’s stock valued at $826,000 after acquiring an additional 2,023 shares during the period. Quest Partners LLC raised its stake in Frontdoor by 2.2% in the third quarter. Quest Partners LLC now owns 32,488 shares of the company’s stock valued at $1,559,000 after purchasing an additional 707 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Frontdoor by 362.8% during the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after acquiring an additional 19,277 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Frontdoor by 10.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 174,685 shares of the company’s stock worth $8,383,000 after acquiring an additional 17,166 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently commented on the company. The Goldman Sachs Group reduced their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Monday, March 3rd. Truist Financial raised their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.25.

Frontdoor Trading Down 1.4 %

NASDAQ FTDR opened at $37.87 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49. The firm has a market capitalization of $2.83 billion, a PE ratio of 12.54 and a beta of 1.18. The stock’s 50 day moving average is $53.72 and its 200 day moving average is $53.15.

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.