UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 92,574 Shares of First Advantage Co. (NYSE:FA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 71.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 222,569 shares of the company's stock after acquiring an additional 92,574 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of First Advantage worth $4,169,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of First Advantage by 49.1% in the fourth quarter. FMR LLC now owns 8,350,192 shares of the company's stock worth $156,399,000 after purchasing an additional 2,750,166 shares during the period. Vanguard Group Inc. boosted 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 acquiring an additional 2,409,233 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of First Advantage by 4.8% during the fourth quarter. Capital Research Global Investors now owns 6,223,937 shares of the company's stock worth $116,574,000 after purchasing an additional 286,456 shares in the last quarter. Capital World Investors increased its position in shares of First Advantage by 246.4% in the fourth quarter. Capital World Investors now owns 5,227,076 shares of the company's stock worth $97,903,000 after purchasing an additional 3,718,096 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in First Advantage by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company's stock valued at $84,011,000 after purchasing an additional 50,469 shares in the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Trading Up 0.2%

Shares of First Advantage stock traded up $0.04 during trading on Friday, reaching $18.17. The company's stock had a trading volume of 606,046 shares, compared to its average volume of 849,926. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a 52-week low of $12.32 and a 52-week high of $20.79. The firm's 50-day moving average is $15.69 and its two-hundred day moving average is $16.93. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 605.67 and a beta of 1.27.

First Advantage (NYSE:FA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, topping 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%. During the same period in the prior year, the firm earned $0.17 earnings per share. First Advantage's revenue was up 109.3% on a year-over-year basis. On average, sell-side analysts anticipate that First Advantage Co. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

FA has been the subject of a number of research reports. BMO Capital Markets cut their price target on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Royal Bank of Canada lowered 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 research report on Friday, May 9th. Needham & Company LLC restated a "hold" rating on shares of First Advantage in a research report on Monday, June 2nd. Finally, Barclays lifted their price target on First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, First Advantage presently has a consensus rating of "Hold" and an average price target of $66.00.

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.