First Advantage Co. $FA Shares Acquired by Boston Partners

Boston Partners raised its holdings in First Advantage Co. (NYSE:FA) by 19.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,896,207 shares of the company’s stock after purchasing an additional 474,634 shares during the quarter. Boston Partners owned 1.67% of First Advantage worth $47,866,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of First Advantage by 200.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,409,427 shares of the company’s stock valued at $62,130,000 after acquiring an additional 2,940,155 shares during the period. Sunriver Management LLC raised its holdings in First Advantage by 49.2% in the 1st quarter. Sunriver Management LLC now owns 3,420,507 shares of the company’s stock worth $48,195,000 after purchasing an additional 1,128,272 shares during the period. American Century Companies Inc. boosted its position in First Advantage by 3.8% during the second quarter. American Century Companies Inc. now owns 2,562,204 shares of the company’s stock worth $42,558,000 after purchasing an additional 94,220 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in First Advantage by 139.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,168,792 shares of the company’s stock valued at $30,559,000 after purchasing an additional 1,262,787 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of First Advantage by 16.2% in the second quarter. Geode Capital Management LLC now owns 1,818,904 shares of the company’s stock valued at $30,215,000 after buying an additional 253,773 shares in the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

First Advantage Price Performance

FA stock opened at $13.82 on Friday. First Advantage Co. has a 52-week low of $11.95 and a 52-week high of $20.36. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 460.67 and a beta of 1.19. The business has a fifty day moving average of $14.04 and a two-hundred day moving average of $16.01.

First Advantage (NYSE:FA) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was up 105.5% compared to the same quarter last year. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. As a group, research analysts anticipate that First Advantage Co. will post 0.74 earnings per share for the current year.

Insider Activity

In other First Advantage news, President Joelle M. Smith sold 9,900 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $15.70, for a total transaction of $155,430.00. Following the sale, the president owned 42,727 shares in the company, valued at $670,813.90. This represents a 18.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FA. JPMorgan Chase & Co. dropped their target price on shares of First Advantage from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. Finally, Zacks Research upgraded First Advantage from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.25.

About First Advantage

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.