Charles Schwab Investment Management Inc. Acquires 85,073 Shares of First Advantage Co. (NYSE:FA)

Charles Schwab Investment Management Inc. increased its holdings in shares of First Advantage Co. (NYSE:FA) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,653 shares of the company’s stock after purchasing an additional 85,073 shares during the period. Charles Schwab Investment Management Inc.’s holdings in First Advantage were worth $9,433,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Oppenheimer Asset Management Inc. lifted its holdings in shares of First Advantage by 17.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company’s stock valued at $368,000 after purchasing an additional 2,938 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of First Advantage by 9.0% during the 3rd quarter. Victory Capital Management Inc. now owns 39,510 shares of the company’s stock valued at $784,000 after purchasing an additional 3,249 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of First Advantage by 6.9% during the 4th quarter. Rhumbline Advisers now owns 78,696 shares of the company’s stock valued at $1,474,000 after purchasing an additional 5,104 shares in the last quarter. Truist Financial Corp lifted its holdings 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 valued at $358,000 after purchasing an additional 5,197 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of First Advantage by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 220,366 shares of the company’s stock valued at $4,127,000 after purchasing an additional 5,597 shares in the last quarter. Institutional investors own 94.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FA shares. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. William Blair restated an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. BMO Capital Markets cut 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. Finally, Barclays cut their target price on First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, First Advantage currently has an average rating of “Moderate Buy” and a consensus target price of $58.67.

First Advantage Trading Down 3.2 %

Shares of First Advantage stock opened at $13.51 on Friday. First Advantage Co. has a 12-month low of $12.55 and a 12-month high of $20.79. The stock has a market cap of $2.34 billion, a P/E ratio of 450.33 and a beta of 1.21. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $17.09 and its 200-day moving average is $18.32.

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.