Vanguard Group Inc. Sells 160,614 Shares of First Advantage Co. (NYSE:FA)

Vanguard Group Inc. cut its position in shares of First Advantage Co. (NYSE:FA - Free Report) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,997,170 shares of the company's stock after selling 160,614 shares during the period. Vanguard Group Inc. owned about 3.44% of First Advantage worth $68,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc grew its position in First Advantage by 1.3% in the third quarter. Legal & General Group Plc now owns 56,609 shares of the company's stock valued at $781,000 after acquiring an additional 741 shares during the period. Price T Rowe Associates Inc. MD grew its position in First Advantage by 10.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,157 shares of the company's stock valued at $156,000 after acquiring an additional 1,082 shares during the period. California State Teachers Retirement System grew its position in First Advantage by 2.4% in the second quarter. California State Teachers Retirement System now owns 70,200 shares of the company's stock valued at $1,082,000 after acquiring an additional 1,655 shares during the period. Stifel Financial Corp grew its position in First Advantage by 15.3% in the second quarter. Stifel Financial Corp now owns 12,800 shares of the company's stock valued at $197,000 after acquiring an additional 1,700 shares during the period. Finally, Deutsche Bank AG grew its position in First Advantage by 0.4% in the fourth quarter. Deutsche Bank AG now owns 453,582 shares of the company's stock valued at $5,897,000 after acquiring an additional 1,815 shares during the period. 94.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Joseph K. Jaeger sold 20,000 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $16.95, for a total transaction of $339,000.00. Following the transaction, the insider now owns 696,298 shares of the company's stock, valued at $11,802,251.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.70% of the stock is currently owned by insiders.

First Advantage Price Performance

First Advantage stock traded up $0.21 on Friday, reaching $15.61. The company's stock had a trading volume of 388,891 shares, compared to its average volume of 625,649. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.39 and a current ratio of 4.39. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 62.44, a PEG ratio of 1.87 and a beta of 1.21. The business's fifty day moving average price is $16.35 and its 200 day moving average price is $15.41. First Advantage Co. has a twelve month low of $12.10 and a twelve month high of $17.49.

First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). First Advantage had a net margin of 4.88% and a return on equity of 13.84%. The firm had revenue of $202.56 million for the quarter, compared to analyst estimates of $211.05 million. Equities analysts expect that First Advantage Co. will post 0.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FA shares. Evercore ISI boosted their price objective on First Advantage from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 26th. Stifel Nicolaus boosted their price objective on First Advantage from $16.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, March 14th.

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.