First Advantage Co. (NYSE:FA) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in First Advantage Co. (NYSE:FA - Free Report) by 106.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,377 shares of the company's stock after purchasing an additional 30,669 shares during the period. Deutsche Bank AG's holdings in First Advantage were worth $1,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP purchased a new position in shares of First Advantage during the fourth quarter valued at $71,695,000. Capital World Investors increased its holdings in First Advantage by 246.4% during the fourth quarter. Capital World Investors now owns 5,227,076 shares of the company's stock valued at $97,903,000 after buying an additional 3,718,096 shares during the period. American Century Companies Inc. raised its stake in First Advantage by 337.3% in the fourth quarter. American Century Companies Inc. now owns 3,584,054 shares of the company's stock worth $67,129,000 after buying an additional 2,764,534 shares in the last quarter. FMR LLC boosted its position in First Advantage by 49.1% during the 4th quarter. FMR LLC now owns 8,350,192 shares of the company's stock valued at $156,399,000 after acquiring an additional 2,750,166 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of First Advantage by 48.0% in the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock worth $139,076,000 after acquiring an additional 2,409,233 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on FA. Royal Bank of Canada downgraded shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 target price for the company. in a report on Friday, May 9th. Barclays raised their target price on shares of First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday. William Blair reiterated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Finally, BMO Capital Markets dropped their target price 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $66.00.

First Advantage Stock Performance

Shares of FA stock traded up $0.02 during trading hours on Friday, hitting $17.05. The company's stock had a trading volume of 79,209 shares, compared to its average volume of 830,085. The stock has a market cap of $2.96 billion, a PE ratio of 567.83 and a beta of 1.20. The company has a 50 day moving average of $15.24 and a 200 day moving average of $16.94. First Advantage Co. has a 12-month low of $12.32 and a 12-month 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.

First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter in the previous year, the business posted $0.17 EPS. The firm's quarterly revenue was up 109.3% compared to the same quarter last year. On average, sell-side analysts forecast that First Advantage Co. will post 0.74 EPS for the current fiscal year.

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.