Price T Rowe Associates Inc. MD Has $27.52 Million Stock Position in First Advantage Co. (NYSE:FA)

Price T Rowe Associates Inc. MD raised its position in shares of First Advantage Co. (NYSE:FA - Free Report) by 110.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,469,272 shares of the company's stock after acquiring an additional 769,825 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.85% of First Advantage worth $27,520,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its holdings in First Advantage by 57.3% in the 3rd quarter. Barclays PLC now owns 81,669 shares of the company's stock valued at $1,621,000 after acquiring an additional 29,752 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 worth $139,076,000 after acquiring an additional 2,409,233 shares during the period. Truist Financial Corp boosted its position in shares of First Advantage by 37.4% during the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company's stock worth $358,000 after acquiring an additional 5,197 shares in the last quarter. Cortland Associates Inc. MO bought a new position in First Advantage in the fourth quarter valued at approximately $24,328,000. Finally, New York State Common Retirement Fund raised 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 purchasing an additional 88,914 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FA shares. BMO Capital Markets decreased their price target 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. Barclays reiterated an "equal weight" rating and issued a $15.00 target price (down previously from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. Finally, William Blair reiterated an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $65.80.

First Advantage Trading Up 3.6 %

Shares of First Advantage stock traded up $0.52 on Friday, hitting $14.98. The stock had a trading volume of 837,606 shares, compared to its average volume of 774,018. The stock has a 50 day moving average of $14.01 and a 200 day moving average of $17.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The firm has a market capitalization of $2.60 billion, a P/E ratio of 499.33 and a beta of 1.20.

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.