Dimensional Fund Advisors LP Raises Holdings in First Advantage Co. (NYSE:FA)

Dimensional Fund Advisors LP increased its position in First Advantage Co. (NYSE:FA) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,131,188 shares of the company’s stock after buying an additional 254,219 shares during the quarter. Dimensional Fund Advisors LP owned about 2.16% of First Advantage worth $50,314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in FA. Charles Schwab Investment Management Inc. increased its holdings in First Advantage by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 406,641 shares of the company’s stock valued at $6,738,000 after purchasing an additional 8,958 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of First Advantage by 16.3% during the fourth quarter. Principal Financial Group Inc. now owns 22,889 shares of the company’s stock valued at $379,000 after buying an additional 3,207 shares during the last quarter. Sunriver Management LLC raised its holdings in shares of First Advantage by 26.4% during the fourth quarter. Sunriver Management LLC now owns 1,151,665 shares of the company’s stock valued at $19,083,000 after buying an additional 240,464 shares during the last quarter. Cat Rock Capital Management LP raised its holdings in First Advantage by 10.0% during the fourth quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock worth $55,109,000 after purchasing an additional 303,000 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. raised its holdings in First Advantage by 24.6% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 603,022 shares of the company’s stock worth $9,781,000 after purchasing an additional 119,100 shares in the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

First Advantage Trading Up 0.7 %

NYSE FA opened at $19.73 on Monday. The firm’s 50 day moving average price is $18.33 and its two-hundred day moving average price is $16.87. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31. First Advantage Co. has a twelve month low of $12.46 and a twelve month high of $20.07. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 89.68 and a beta of 1.16.

First Advantage (NYSE:FA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. The business had revenue of $184.55 million during the quarter, compared to analyst estimates of $184.66 million. During the same quarter in the previous year, the business earned $0.24 EPS. First Advantage’s quarterly revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that First Advantage Co. will post 0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FA shares. Citigroup lifted their price target on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Truist Financial decreased their price target on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, First Advantage has a consensus rating of “Moderate Buy” and an average price target of $77.25.

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.