KLP Kapitalforvaltning AS Takes Position in First Advantage Co. (NYSE:FA)

KLP Kapitalforvaltning AS purchased a new stake in First Advantage Co. (NYSE:FA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,023 shares of the company's stock, valued at approximately $375,000.

Several other large investors have also recently bought and sold shares of FA. Brighton Jones LLC acquired a new stake in shares of First Advantage during the fourth quarter worth $257,000. Truist Financial Corp grew its stake in shares of First Advantage by 37.4% in the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock valued at $358,000 after acquiring an additional 5,197 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in First Advantage by 17.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock worth $368,000 after acquiring an additional 2,938 shares during the period. Natixis Advisors LLC raised its stake in First Advantage by 35.4% in the 4th quarter. Natixis Advisors LLC now owns 20,353 shares of the company's stock worth $381,000 after purchasing an additional 5,317 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in First Advantage by 53.7% in the 4th quarter. Arizona State Retirement System now owns 22,484 shares of the company's stock valued at $421,000 after purchasing an additional 7,851 shares during the period. 94.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. BMO Capital Markets lowered their price objective on First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. William Blair reiterated an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Finally, Barclays reissued an "equal weight" rating and set a $15.00 target price (down from $20.00) on shares of First Advantage in a report on Thursday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $65.80.

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First Advantage Price Performance

Shares of First Advantage stock traded down $0.53 during trading on Thursday, reaching $13.83. 1,372,773 shares of the company's stock were exchanged, compared to its average volume of 727,783. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79. The company has a market cap of $2.40 billion, a P/E ratio of 461.00 and a beta of 1.20. The firm's 50-day moving average price is $15.66 and its 200 day moving average price is $17.73.

First Advantage 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.