Wellington Management Group LLP Acquires Shares of 3,827,801 First Advantage Co. (NYSE:FA)

Wellington Management Group LLP acquired a new position in First Advantage Co. (NYSE:FA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,827,801 shares of the company's stock, valued at approximately $71,695,000. Wellington Management Group LLP owned about 2.22% of First Advantage as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FA. Vanguard Group Inc. raised its position in shares of First Advantage by 48.0% during the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock valued at $139,076,000 after buying an additional 2,409,233 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Advantage by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company's stock worth $84,011,000 after purchasing an additional 50,469 shares during the last quarter. American Century Companies Inc. grew its position in shares of First Advantage by 337.3% in the fourth quarter. American Century Companies Inc. now owns 3,584,054 shares of the company's stock valued at $67,129,000 after purchasing an additional 2,764,534 shares during the period. Boston Partners boosted its position in First Advantage by 2.3% during the fourth quarter. Boston Partners now owns 2,205,291 shares of the company's stock worth $41,253,000 after acquiring an additional 50,240 shares during the last quarter. Finally, Cortland Associates Inc. MO purchased a new stake in shares of First Advantage in the 4th quarter valued at approximately $24,328,000. Institutional investors own 94.91% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have commented on FA shares. BMO Capital Markets lowered their price target 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. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price objective on shares of First Advantage in a research note on Thursday, January 23rd. Barclays restated an "equal weight" rating and issued a $15.00 price target (down previously from $20.00) on shares of First Advantage in a report on Thursday. Finally, William Blair reissued an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $65.80.

First Advantage Stock Performance

FA stock traded down $0.97 during midday trading on Thursday, hitting $13.39. The stock had a trading volume of 261,173 shares, compared to its average volume of 722,741. First Advantage Co. has a 52 week low of $12.32 and a 52 week 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 firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 446.50 and a beta of 1.20. The stock has a 50-day simple moving average of $15.76 and a 200 day simple moving average of $17.77.

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.