Fort Washington Investment Advisors Inc. OH Sells 98,466 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Fort Washington Investment Advisors Inc. OH reduced its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 601,136 shares of the company’s stock after selling 98,466 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.79% of Frontdoor worth $32,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. USA Financial Formulas bought a new stake in Frontdoor during the 4th quarter worth approximately $60,000. Diversified Trust Co boosted its position in shares of Frontdoor by 11.1% during the fourth quarter. Diversified Trust Co now owns 13,475 shares of the company’s stock valued at $737,000 after buying an additional 1,345 shares during the last quarter. Nordea Investment Management AB grew its holdings in Frontdoor by 4.6% during the fourth quarter. Nordea Investment Management AB now owns 263,387 shares of the company’s stock worth $14,544,000 after buying an additional 11,671 shares in the last quarter. GAMMA Investing LLC raised its position in Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after buying an additional 433 shares during the last quarter. Finally, Castellan Group bought a new position in Frontdoor during the 3rd quarter valued at $5,881,000.

Insider Buying and Selling

In related news, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the sale, the senior vice president now directly owns 9,429 shares in the company, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on FTDR. Truist Financial upped their target price on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.50.

Frontdoor Trading Up 0.6 %

Shares of Frontdoor stock opened at $58.91 on Wednesday. The firm has a market cap of $4.47 billion, a PE ratio of 19.51 and a beta of 1.08. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $60.42. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a fifty day moving average price of $56.87 and a 200-day moving average price of $50.13.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. Equities research analysts anticipate that Frontdoor, Inc. will post 3.15 EPS 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.