Onex Canada Asset Management Inc. Has $11.88 Million Position in First Advantage Co. $FA

Onex Canada Asset Management Inc. increased its position in shares of First Advantage Co. (NYSE:FA) by 45.4% in the third quarter, Holdings Channel reports. The institutional investor owned 772,147 shares of the company’s stock after buying an additional 240,978 shares during the period. First Advantage comprises 1.5% of Onex Canada Asset Management Inc.’s portfolio, making the stock its 20th biggest holding. Onex Canada Asset Management Inc.’s holdings in First Advantage were worth $11,883,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FA. Capital World Investors lifted its stake in First Advantage by 3.7% in the 3rd quarter. Capital World Investors now owns 8,318,514 shares of the company’s stock valued at $128,022,000 after acquiring an additional 300,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of First Advantage by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,613,968 shares of the company’s stock worth $117,179,000 after acquiring an additional 210,187 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of First Advantage by 724.5% in the second quarter. Alliancebernstein L.P. now owns 5,256,511 shares of the company’s stock valued at $87,311,000 after purchasing an additional 4,618,946 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Advantage by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 3,315,150 shares of the company’s stock valued at $51,020,000 after purchasing an additional 255,641 shares during the last quarter. Finally, Boston Partners lifted its position in shares of First Advantage by 19.6% in the second quarter. Boston Partners now owns 2,896,207 shares of the company’s stock worth $47,866,000 after purchasing an additional 474,634 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zacks Research cut shares of First Advantage from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Citigroup cut their price target on shares of First Advantage from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Finally, Barclays upgraded shares of First Advantage from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $14.00 to $15.00 in a research note on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.75.

First Advantage Price Performance

Shares of FA opened at $10.87 on Friday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 362.33 and a beta of 1.19. First Advantage Co. has a 1-year low of $8.82 and a 1-year high of $19.01. The company’s fifty day simple moving average is $12.48 and its 200 day simple moving average is $13.84. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

First Advantage (NYSE:FA) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company earned $0.18 EPS. First Advantage’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. On average, research analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

First Advantage Company 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.