Fiera Capital Corp Invests $28.02 Million in Frontdoor Inc. (NASDAQ:FTDR)

Fiera Capital Corp bought a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 729,423 shares of the company's stock, valued at approximately $28,024,000. Fiera Capital Corp owned 0.98% of Frontdoor as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP purchased a new position in Frontdoor in the 4th quarter worth about $56,507,000. Price T Rowe Associates Inc. MD boosted its position in shares of Frontdoor by 621.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company's stock worth $48,169,000 after purchasing an additional 758,947 shares during the period. Reinhart Partners LLC. lifted its position in shares of Frontdoor by 16.2% in the first quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock valued at $91,005,000 after acquiring an additional 331,066 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Frontdoor during the fourth quarter valued at approximately $17,465,000. Finally, Norges Bank purchased a new position in shares of Frontdoor during the fourth quarter valued at about $14,358,000.

Frontdoor Stock Down 0.7%

Shares of FTDR traded down $0.40 during mid-day trading on Friday, reaching $58.10. The company's stock had a trading volume of 764,190 shares, compared to its average volume of 518,447. The company has a debt-to-equity ratio of 5.88, a current ratio of 1.34 and a quick ratio of 1.34. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $63.49. The stock has a market cap of $4.28 billion, a PE ratio of 18.80 and a beta of 1.32. The company's 50 day moving average is $57.69 and its 200 day moving average is $51.52.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.27. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The firm had revenue of $426.00 million for the quarter, compared to analysts' expectations of $416.37 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. Equities analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their target price on shares of Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd.

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.