Brown Brothers Harriman & Co. Lowers Stake in First Advantage Co. (NYSE:FA)

Brown Brothers Harriman & Co. lessened its stake in First Advantage Co. (NYSE:FA) by 27.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,921 shares of the company’s stock after selling 717 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in First Advantage were worth $36,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FA. Vanguard Group Inc. increased its position in shares of First Advantage by 48.0% during the fourth 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. FMR LLC grew its stake in First Advantage by 50.8% in the third quarter. FMR LLC now owns 5,600,026 shares of the company’s stock worth $111,161,000 after purchasing an additional 1,886,716 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in First Advantage by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company’s stock worth $84,011,000 after purchasing an additional 50,469 shares during the period. American Century Companies Inc. raised its position in First Advantage by 337.3% during the 4th quarter. American Century Companies Inc. now owns 3,584,054 shares of the company’s stock valued at $67,129,000 after purchasing an additional 2,764,534 shares in the last quarter. Finally, Boston Partners raised its position in First Advantage by 2.3% during the 4th quarter. Boston Partners now owns 2,205,291 shares of the company’s stock valued at $41,253,000 after purchasing an additional 50,240 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Barclays cut their target price on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. BMO Capital Markets lowered 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 report on Monday, March 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, First Advantage currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.80.

First Advantage Trading Up 3.0 %

NYSE FA opened at $14.87 on Thursday. First Advantage Co. has a 52 week low of $12.55 and a 52 week high of $20.79. The company has a 50 day moving average price of $16.45 and a 200 day moving average price of $18.05. 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 firm has a market cap of $2.58 billion, a PE ratio of 495.67 and a beta of 1.21.

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.