Federated Hermes Inc. Has $6.26 Million Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Federated Hermes Inc. raised its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 379.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,607 shares of the company's stock after purchasing an additional 140,591 shares during the period. Federated Hermes Inc. owned 0.22% of Frontdoor worth $6,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Frontdoor during the third quarter worth about $822,000. Reinhart Partners LLC. lifted its holdings in shares of Frontdoor by 11.0% during the fourth quarter. Reinhart Partners LLC. now owns 1,984,123 shares of the company's stock worth $69,881,000 after purchasing an additional 197,019 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Frontdoor by 500.6% during the third quarter. Lazard Asset Management LLC now owns 45,158 shares of the company's stock worth $1,381,000 after purchasing an additional 37,639 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Frontdoor during the third quarter worth about $88,000. Finally, FMR LLC lifted its holdings in shares of Frontdoor by 0.3% during the third quarter. FMR LLC now owns 581,862 shares of the company's stock worth $17,799,000 after purchasing an additional 1,839 shares during the period.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their price objective on 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 analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Frontdoor presently has a consensus rating of "Hold" and a consensus price target of $39.40.

Frontdoor Price Performance

Shares of FTDR traded up $0.36 during trading hours on Friday, hitting $31.05. 808,892 shares of the stock were exchanged, compared to its average volume of 727,352. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.10 and a current ratio of 1.10. Frontdoor, Inc. has a 12-month low of $26.09 and a 12-month high of $38.97. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 14.69 and a beta of 0.89. The stock's 50-day moving average price is $31.34 and its two-hundred day moving average price is $32.71.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.18. The company had revenue of $366.00 million during the quarter, compared to analysts' expectations of $360.47 million. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. Research analysts expect that Frontdoor, Inc. will post 2.36 earnings per share for the current year.

Frontdoor 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.