Public Sector Pension Investment Board Boosts Stock Position in Frontdoor Inc. $FTDR

Public Sector Pension Investment Board increased its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 11.7% in the third quarter, HoldingsChannel reports. The firm owned 316,564 shares of the company’s stock after acquiring an additional 33,261 shares during the quarter. Public Sector Pension Investment Board’s holdings in Frontdoor were worth $21,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of FTDR. LSV Asset Management purchased a new stake in shares of Frontdoor during the third quarter worth approximately $87,000. Caprock Group LLC acquired a new position in shares of Frontdoor in the 3rd quarter valued at $298,000. Versor Investments LP grew its holdings in shares of Frontdoor by 31.7% during the 3rd quarter. Versor Investments LP now owns 7,100 shares of the company’s stock worth $478,000 after purchasing an additional 1,707 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Frontdoor by 10.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,470 shares of the company’s stock worth $165,000 after purchasing an additional 233 shares during the period. Finally, Willis Investment Counsel increased its position in shares of Frontdoor by 2.2% during the 3rd quarter. Willis Investment Counsel now owns 53,533 shares of the company’s stock worth $3,602,000 after purchasing an additional 1,139 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a research report on Monday, December 29th. Truist Financial set a $71.00 price target on shares of Frontdoor in a research note on Monday, January 26th. Finally, Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Frontdoor presently has an average rating of “Hold” and a consensus target price of $59.75.

Frontdoor Stock Down 0.9%

Shares of NASDAQ:FTDR opened at $56.64 on Friday. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $4.08 billion, a PE ratio of 16.14 and a beta of 1.34. The firm’s 50-day moving average is $57.81 and its two-hundred day moving average is $59.72. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $70.14.

About Frontdoor

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.