Capital World Investors Grows Stake in First Advantage Co. (NYSE:FA)

Capital World Investors raised its position in First Advantage Co. (NYSE:FA) by 246.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,227,076 shares of the company’s stock after buying an additional 3,718,096 shares during the period. Capital World Investors owned about 3.03% of First Advantage worth $97,903,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FA. FMR LLC boosted its position in First Advantage by 49.1% during the fourth quarter. FMR LLC now owns 8,350,192 shares of the company’s stock worth $156,399,000 after acquiring an additional 2,750,166 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of First Advantage by 48.0% in the fourth quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after purchasing an additional 2,409,233 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 buying an additional 50,469 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in First Advantage by 23.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,037,328 shares of the company’s stock worth $75,618,000 after buying an additional 756,099 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in First Advantage in the 4th quarter valued at $71,695,000. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FA. Barclays reissued an “equal weight” rating and set a $15.00 price target (down previously from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. William Blair reiterated an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. BMO Capital Markets cut their target price on First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.80.

First Advantage Stock Performance

Shares of First Advantage stock opened at $12.99 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 433.00 and a beta of 1.20. The business has a 50-day moving average of $14.90 and a 200 day moving average of $17.43. First Advantage Co. has a 12 month low of $12.32 and a 12 month high of $20.79.

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.