First Advantage Co. $FA Shares Acquired by Boston Partners

Boston Partners lifted its position in shares of First Advantage Co. (NYSE:FA) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,852,983 shares of the company’s stock after purchasing an additional 431,410 shares during the period. Boston Partners owned about 1.64% of First Advantage worth $47,148,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC purchased a new position in First Advantage in the first quarter valued at $30,000. Caitong International Asset Management Co. Ltd boosted its position in shares of First Advantage by 1,208.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,368 shares of the company’s stock worth $39,000 after acquiring an additional 2,187 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of First Advantage by 22.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,164 shares of the company’s stock worth $119,000 after acquiring an additional 1,328 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of First Advantage by 2,967.1% during the 1st quarter. Russell Investments Group Ltd. now owns 9,232 shares of the company’s stock worth $130,000 after acquiring an additional 8,931 shares in the last quarter. Finally, TD Asset Management Inc purchased a new stake in First Advantage during the first quarter worth approximately $187,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FA shares. Zacks Research lowered shares of First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.25.

Insiders Place Their Bets

In other First Advantage news, President Joelle M. Smith sold 9,900 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $15.70, for a total transaction of $155,430.00. Following the completion of the transaction, the president owned 42,727 shares of the company’s stock, valued at approximately $670,813.90. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.90% of the company’s stock.

First Advantage Price Performance

Shares of NYSE FA opened at $13.35 on Thursday. 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’s 50-day moving average price is $14.62 and its 200 day moving average price is $16.17. First Advantage Co. has a 52 week low of $12.25 and a 52 week high of $20.36. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 445.00 and a beta of 1.19.

First Advantage (NYSE:FA) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $0.26 EPS. The firm’s revenue 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 forecast that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

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.