Boston Partners Purchases 50,240 Shares of First Advantage Co. (NYSE:FA)

Boston Partners grew its position in First Advantage Co. (NYSE:FA) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,205,291 shares of the company’s stock after buying an additional 50,240 shares during the period. Boston Partners’ holdings in First Advantage were worth $41,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of First Advantage by 17.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company’s stock worth $368,000 after buying an additional 2,938 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of First Advantage by 9.0% during the 3rd quarter. Victory Capital Management Inc. now owns 39,510 shares of the company’s stock worth $784,000 after buying an additional 3,249 shares during the period. Rhumbline Advisers boosted its holdings in shares of First Advantage by 6.9% during the 4th quarter. Rhumbline Advisers now owns 78,696 shares of the company’s stock worth $1,474,000 after buying an additional 5,104 shares during the period. Truist Financial Corp boosted its holdings in shares of First Advantage by 37.4% during the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company’s stock worth $358,000 after buying an additional 5,197 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of First Advantage by 35.4% during the 4th quarter. Natixis Advisors LLC now owns 20,353 shares of the company’s stock worth $381,000 after buying an additional 5,317 shares during the period. Institutional investors own 94.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on FA shares. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. Barclays dropped their price objective on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. BMO Capital Markets cut their price objective on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.67.

First Advantage Stock Performance

Shares of First Advantage stock opened at $13.81 on Thursday. The company has a 50 day moving average of $17.24 and a 200-day moving average of $18.40. First Advantage Co. has a 1-year low of $12.55 and a 1-year high of $20.79. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.40 billion, a PE ratio of 460.33 and a beta of 1.21.

First Advantage Company Profile

First Advantage Corporation provides employment background screening, identity, and verification solutions worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.