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

Boston Partners lifted its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,205,291 shares of the company's stock after buying an additional 50,240 shares during the quarter. Boston Partners owned about 1.28% of First Advantage worth $41,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of FA. Intech Investment Management LLC grew its stake in shares of First Advantage by 156.7% in the 4th quarter. Intech Investment Management LLC now owns 32,387 shares of the company's stock valued at $607,000 after buying an additional 19,770 shares during the period. Natixis Advisors LLC grew its stake in First Advantage by 35.4% in the fourth quarter. Natixis Advisors LLC now owns 20,353 shares of the company's stock valued at $381,000 after acquiring an additional 5,317 shares during the period. Swiss National Bank increased its holdings in shares of First Advantage by 50.9% during the fourth quarter. Swiss National Bank now owns 151,044 shares of the company's stock valued at $2,829,000 after acquiring an additional 50,944 shares in the last quarter. Arizona State Retirement System raised its position in shares of First Advantage by 53.7% during the fourth quarter. Arizona State Retirement System now owns 22,484 shares of the company's stock worth $421,000 after purchasing an additional 7,851 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of First Advantage by 16.1% in the 4th quarter. Victory Capital Management Inc. now owns 45,853 shares of the company's stock worth $859,000 after purchasing an additional 6,343 shares in the last quarter. Institutional investors own 94.91% of the company's stock.

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First Advantage Stock Performance

FA traded up $0.49 during trading on Monday, hitting $14.00. 802,973 shares of the company traded hands, compared to its average volume of 656,381. The firm has a market cap of $2.43 billion, a P/E ratio of 466.67 and a beta of 1.21. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a one year low of $12.55 and a one year high of $20.79. The stock's fifty day moving average is $17.09 and its 200 day moving average is $18.32.

Analyst Ratings Changes

FA has been the topic of several research reports. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. Barclays lowered their target price on shares of First Advantage from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. William Blair restated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Finally, BMO Capital Markets lowered their price target on First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Three investment 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.67.

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.