Onex Canada Asset Management Inc. Acquires 240,978 Shares of First Advantage Co. $FA

Onex Canada Asset Management Inc. boosted its holdings in First Advantage Co. (NYSE:FA) by 45.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 772,147 shares of the company’s stock after buying an additional 240,978 shares during the period. First Advantage makes up about 1.5% of Onex Canada Asset Management Inc.’s investment portfolio, making the stock its 20th biggest position. Onex Canada Asset Management Inc. owned approximately 0.44% of First Advantage worth $11,883,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FA. Quantbot Technologies LP bought a new stake in shares of First Advantage during the 2nd quarter valued at $81,000. BNP Paribas Financial Markets boosted its position in shares of First Advantage by 105.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,166 shares of the company’s stock worth $119,000 after purchasing an additional 3,682 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of First Advantage by 503.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,932 shares of the company’s stock worth $132,000 after purchasing an additional 6,617 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of First Advantage by 29.1% during the second quarter. Ameritas Investment Partners Inc. now owns 8,088 shares of the company’s stock worth $134,000 after purchasing an additional 1,821 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of First Advantage by 22.6% during the third quarter. SG Americas Securities LLC now owns 9,211 shares of the company’s stock worth $142,000 after purchasing an additional 1,700 shares during the period. Institutional investors and hedge funds own 94.91% of the company’s stock.

Analyst Ratings Changes

FA has been the topic of several analyst reports. Zacks Research lowered First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Barclays upgraded First Advantage from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $14.00 to $15.00 in a research report on Friday, March 6th. Finally, Citigroup lowered their price target on First Advantage from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, First Advantage currently has an average rating of “Hold” and an average target price of $16.75.

First Advantage Price Performance

NYSE FA opened at $10.87 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 362.33 and a beta of 1.19. The business has a 50 day simple moving average of $12.48 and a 200 day simple moving average of $13.84. First Advantage Co. has a 52-week low of $8.82 and a 52-week high of $19.01.

First Advantage (NYSE:FA) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same period last year, the company earned $0.18 EPS. The business’s revenue was up 36.8% on a year-over-year basis. First Advantage has set its FY 2026 guidance at 1.150-1.250 EPS. Analysts anticipate that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

First Advantage Profile

First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.

The company’s core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.