SBA Communications Co. (NASDAQ:SBAC) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL raised its stake in shares of SBA Communications Co. (NASDAQ:SBAC) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,527 shares of the technology company’s stock after buying an additional 1,060 shares during the quarter. Blair William & Co. IL’s holdings in SBA Communications were worth $14,433,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of SBA Communications by 191.3% during the 1st quarter. SG Americas Securities LLC now owns 25,828 shares of the technology company’s stock worth $5,597,000 after purchasing an additional 16,962 shares during the period. Franklin Resources Inc. lifted its stake in shares of SBA Communications by 2.8% during the 4th quarter. Franklin Resources Inc. now owns 707,743 shares of the technology company’s stock worth $179,547,000 after purchasing an additional 19,462 shares during the period. Nomura Holdings Inc. purchased a new position in shares of SBA Communications during the 4th quarter worth $7,422,000. Wellington Management Group LLP lifted its stake in shares of SBA Communications by 596.2% during the 4th quarter. Wellington Management Group LLP now owns 225,128 shares of the technology company’s stock worth $57,113,000 after purchasing an additional 192,791 shares during the period. Finally, Clear Rock Advisors LLC purchased a new position in shares of SBA Communications during the 4th quarter worth $1,900,000. Institutional investors and hedge funds own 97.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SBAC. KeyCorp increased their price target on SBA Communications from $227.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley increased their target price on SBA Communications from $232.00 to $252.00 and gave the stock an “overweight” rating in a research report on Wednesday. StockNews.com raised SBA Communications from a “hold” rating to a “buy” rating in a research report on Friday. BMO Capital Markets cut their target price on SBA Communications from $250.00 to $245.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Finally, Barclays cut their target price on SBA Communications from $240.00 to $236.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

Insider Activity

In other news, Chairman Jeffrey Stoops sold 49,765 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $222.01, for a total transaction of $11,048,327.65. Following the completion of the sale, the chairman now directly owns 109,583 shares in the company, valued at $24,328,521.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Jeffrey Stoops sold 49,765 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $222.01, for a total transaction of $11,048,327.65. Following the completion of the sale, the chairman now directly owns 109,583 shares in the company, valued at $24,328,521.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George R. Krouse, Jr. sold 325 shares of SBA Communications stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $219.58, for a total value of $71,363.50. Following the completion of the transaction, the director now owns 8,084 shares of the company’s stock, valued at $1,775,084.72. The disclosure for this sale can be found here. Insiders sold 51,590 shares of company stock worth $11,483,981 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

SBA Communications Price Performance

NASDAQ:SBAC opened at $238.29 on Friday. The business’s 50-day moving average is $223.59 and its two-hundred day moving average is $209.10. SBA Communications Co. has a 12 month low of $183.64 and a 12 month high of $258.76. The firm has a market capitalization of $25.61 billion, a PE ratio of 46.72, a price-to-earnings-growth ratio of 0.75 and a beta of 0.67.

SBA Communications (NASDAQ:SBAC) last announced its earnings results on Monday, July 29th. The technology company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.56). The business had revenue of $660.50 million for the quarter, compared to analyst estimates of $665.21 million. SBA Communications had a net margin of 19.22% and a negative return on equity of 9.85%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.24 earnings per share. Equities analysts anticipate that SBA Communications Co. will post 12.53 EPS for the current year.

SBA Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Thursday, August 22nd were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $3.92 annualized dividend and a dividend yield of 1.65%. SBA Communications’s dividend payout ratio is presently 76.86%.

About SBA Communications

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.