Nuveen Asset Management LLC Increases Stock Position in First Advantage Co. (NYSE:FA)

Nuveen Asset Management LLC increased its stake in First Advantage Co. (NYSE:FA - Free Report) by 21.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,848 shares of the company's stock after purchasing an additional 42,150 shares during the period. Nuveen Asset Management LLC owned approximately 0.14% of First Advantage worth $4,455,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new position in First Advantage during the fourth quarter valued at approximately $257,000. Jennison Associates LLC grew its position in First Advantage by 29.5% during the fourth quarter. Jennison Associates LLC now owns 432,387 shares of the company's stock valued at $8,099,000 after acquiring an additional 98,500 shares during the last quarter. Rhumbline Advisers grew its position in First Advantage by 6.9% during the fourth quarter. Rhumbline Advisers now owns 78,696 shares of the company's stock valued at $1,474,000 after acquiring an additional 5,104 shares during the last quarter. Truist Financial Corp grew its position in First Advantage by 37.4% during the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock valued at $358,000 after acquiring an additional 5,197 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in First Advantage by 29.8% during the fourth quarter. New York State Common Retirement Fund now owns 387,320 shares of the company's stock valued at $7,255,000 after acquiring an additional 88,914 shares during the last quarter. 94.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FA has been the topic of a number of recent research reports. Royal Bank of Canada cut shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target on the stock. in a research report on Friday, May 9th. Barclays raised their target price on shares of First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. William Blair restated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. BMO Capital Markets cut their target price on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Finally, Needham & Company LLC restated a "hold" rating on shares of First Advantage in a report on Monday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $66.00.

First Advantage Trading Up 0.6%

NYSE:FA traded up $0.10 during trading hours on Wednesday, hitting $18.20. The company had a trading volume of 743,008 shares, compared to its average volume of 844,498. The company has a market capitalization of $3.16 billion, a PE ratio of 606.67 and a beta of 1.20. The stock has a 50-day moving average price of $15.53 and a 200 day moving average price of $16.94. First Advantage Co. has a 52 week low of $12.32 and a 52 week high of $20.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The company's revenue for the quarter was up 109.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. On average, equities research analysts predict that First Advantage Co. will post 0.74 EPS 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.