Blair William & Co. IL Increases Holdings in SBA Communications Co. (NASDAQ:SBAC)

Blair William & Co. IL boosted its position in SBA Communications Co. (NASDAQ:SBAC) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,481 shares of the technology company’s stock after buying an additional 3,229 shares during the quarter. Blair William & Co. IL owned approximately 0.07% of SBA Communications worth $15,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SBAC. Evermay Wealth Management LLC purchased a new position in shares of SBA Communications in the fourth quarter worth about $27,000. Graney & King LLC purchased a new position in SBA Communications in the 4th quarter worth approximately $29,000. Oakworth Capital Inc. lifted its position in SBA Communications by 161.8% in the fourth quarter. Oakworth Capital Inc. now owns 233 shares of the technology company’s stock valued at $47,000 after purchasing an additional 144 shares during the last quarter. CKW Financial Group purchased a new stake in shares of SBA Communications during the fourth quarter valued at approximately $56,000. Finally, Versant Capital Management Inc grew its holdings in shares of SBA Communications by 17.3% in the fourth quarter. Versant Capital Management Inc now owns 360 shares of the technology company’s stock worth $73,000 after purchasing an additional 53 shares during the last quarter. 97.35% of the stock is currently owned by institutional investors.

Insider Transactions at SBA Communications

In other SBA Communications news, VP Joshua Koenig sold 2,209 shares of SBA Communications stock in a transaction on Friday, March 7th. The stock was sold at an average price of $224.18, for a total transaction of $495,213.62. Following the completion of the transaction, the vice president now owns 6,079 shares in the company, valued at approximately $1,362,790.22. The trade was a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

SBA Communications Price Performance

Shares of SBA Communications stock opened at $216.84 on Friday. SBA Communications Co. has a 1 year low of $183.64 and a 1 year high of $252.64. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 0.74 and a beta of 0.74. The company has a 50-day moving average of $211.31 and a 200 day moving average of $219.52.

SBA Communications Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $1.11 per share. This is an increase from SBA Communications’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.05%. SBA Communications’s dividend payout ratio (DPR) is currently 63.98%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SBAC. BMO Capital Markets reiterated a “market perform” rating and set a $230.00 price target (down from $260.00) on shares of SBA Communications in a report on Wednesday, December 18th. StockNews.com upgraded shares of SBA Communications from a “hold” rating to a “buy” rating in a report on Tuesday. Citizens Jmp upgraded SBA Communications to a “strong-buy” rating in a report on Monday, January 27th. Barclays increased their price objective on SBA Communications from $240.00 to $244.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Finally, Wells Fargo & Company boosted their target price on SBA Communications from $210.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SBA Communications currently has an average rating of “Moderate Buy” and an average price target of $252.85.

SBA Communications Company Profile

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.