First Advantage Co. (NYSE:FA) Shares Sold by Olstein Capital Management L.P.

Olstein Capital Management L.P. cut its stake in First Advantage Co. (NYSE:FA) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,000 shares of the company’s stock after selling 7,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in First Advantage were worth $1,310,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Boston Partners increased its position in First Advantage by 155.3% during the first quarter. Boston Partners now owns 1,713,935 shares of the company’s stock worth $27,841,000 after purchasing an additional 1,042,473 shares during the last quarter. Fred Alger Management LLC purchased a new stake in shares of First Advantage during the 2nd quarter valued at approximately $12,906,000. Capital Research Global Investors lifted its holdings in First Advantage by 9.4% in the first quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock valued at $93,711,000 after acquiring an additional 496,898 shares during the last quarter. Dimensional Fund Advisors LP grew its position in First Advantage by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock worth $50,314,000 after acquiring an additional 254,219 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. increased its stake in First Advantage by 24.6% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 603,022 shares of the company’s stock worth $9,781,000 after acquiring an additional 119,100 shares during the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.

First Advantage Trading Up 1.7 %

NYSE:FA traded up $0.32 on Thursday, reaching $18.77. 77,373 shares of the company’s stock were exchanged, compared to its average volume of 484,386. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 115.32 and a beta of 1.18. First Advantage Co. has a 52-week low of $13.11 and a 52-week high of $20.75. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $19.19 and a 200-day moving average of $17.53.

First Advantage (NYSE:FA) last released its earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. The company had revenue of $184.55 million for the quarter, compared to analyst estimates of $184.66 million. During the same period in the prior year, the business earned $0.24 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. As a group, analysts expect that First Advantage Co. will post 0.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FA. Truist Financial reduced their price objective on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Citigroup boosted their price target on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Finally, Wolfe Research lowered shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.25.

About First Advantage

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.