SBA Communications Co. (NASDAQ:SBAC) Stock Holdings Increased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its holdings in SBA Communications Co. (NASDAQ:SBAC) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,964 shares of the technology company’s stock after purchasing an additional 4,524 shares during the quarter. Motley Fool Asset Management LLC owned 0.06% of SBA Communications worth $12,424,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SBAC. Evermay Wealth Management LLC bought a new position in SBA Communications in the 4th quarter valued at about $27,000. Graney & King LLC acquired a new stake in shares of SBA Communications in the 4th quarter worth approximately $29,000. Oakworth Capital Inc. lifted its stake in shares of SBA Communications by 161.8% in the 4th quarter. Oakworth Capital Inc. now owns 233 shares of the technology company’s stock worth $47,000 after acquiring an additional 144 shares during the period. CKW Financial Group bought a new position in shares of SBA Communications in the fourth quarter valued at approximately $56,000. Finally, Sherman Asset Management Inc. acquired a new position in shares of SBA Communications during the fourth quarter valued at approximately $73,000. 97.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on SBAC shares. Citizens Jmp raised SBA Communications to a “strong-buy” rating in a research note on Monday, January 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a $230.00 target price (down from $260.00) on shares of SBA Communications in a report on Wednesday, December 18th. Barclays upped their price target on shares of SBA Communications from $240.00 to $244.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Wells Fargo & Company lifted their price objective on shares of SBA Communications from $210.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley began coverage on shares of SBA Communications in a research note on Tuesday. They set an “equal weight” rating and a $240.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.92.

Insider Buying and Selling

In other news, VP Joshua Koenig sold 2,209 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $224.18, for a total transaction of $495,213.62. Following the transaction, the vice president now directly owns 6,079 shares in the company, valued at $1,362,790.22. The trade was a 26.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

SBA Communications Trading Down 0.5 %

NASDAQ:SBAC opened at $219.34 on Thursday. SBA Communications Co. has a 1-year low of $183.64 and a 1-year high of $252.64. The firm has a market capitalization of $23.60 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 0.74 and a beta of 0.74. The business’s fifty day moving average price is $212.38 and its 200 day moving average price is $218.90.

SBA Communications Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.02%. This is a positive change from SBA Communications’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Thursday, March 13th. SBA Communications’s dividend payout ratio is 63.98%.

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.