Commerzbank Aktiengesellschaft FI Acquires 116 Shares of SBA Communications Co. (NASDAQ:SBAC)

Commerzbank Aktiengesellschaft FI boosted its holdings in SBA Communications Co. (NASDAQ:SBAC) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,967 shares of the technology company’s stock after purchasing an additional 116 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in SBA Communications were worth $604,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in SBA Communications in the third quarter worth $26,000. Evermay Wealth Management LLC bought a new position in shares of SBA Communications during the fourth quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in shares of SBA Communications during the third quarter valued at about $35,000. Farther Finance Advisors LLC raised its stake in shares of SBA Communications by 32.5% during the third quarter. Farther Finance Advisors LLC now owns 216 shares of the technology company’s stock valued at $52,000 after acquiring an additional 53 shares during the last quarter. Finally, Oakworth Capital Inc. raised its stake in shares of SBA Communications by 161.8% during the fourth quarter. Oakworth Capital Inc. now owns 233 shares of the technology company’s stock valued at $47,000 after acquiring an additional 144 shares during the last quarter. 97.35% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Mark R. Ciarfella sold 3,545 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $224.33, for a total transaction of $795,249.85. Following the sale, the executive vice president now owns 33,588 shares in the company, valued at $7,534,796.04. This represents a 9.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Donald Day sold 2,321 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $203.43, for a total transaction of $472,161.03. Following the sale, the executive vice president now owns 4,998 shares in the company, valued at approximately $1,016,743.14. The trade was a 31.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

SBA Communications Stock Performance

Shares of SBAC opened at $219.35 on Wednesday. The stock has a market cap of $23.59 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 0.74 and a beta of 0.69. SBA Communications Co. has a fifty-two week low of $183.64 and a fifty-two week high of $252.64. The firm’s 50-day simple moving average is $204.51 and its two-hundred day simple moving average is $220.48.

SBA Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $1.11 per share. This is a boost from SBA Communications’s previous quarterly dividend of $0.98. The ex-dividend date is Thursday, March 13th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.02%. SBA Communications’s dividend payout ratio is presently 63.98%.

Analyst Ratings Changes

Several equities analysts have recently commented on SBAC shares. StockNews.com downgraded shares of SBA Communications from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. BMO Capital Markets reaffirmed a “market perform” rating and set a $230.00 price objective (down from $260.00) on shares of SBA Communications in a research note on Wednesday, December 18th. Barclays decreased their price target on shares of SBA Communications from $254.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. JMP Securities assumed coverage on shares of SBA Communications in a research note on Monday, January 27th. They issued an “outperform” rating and a $250.00 price target for the company. Finally, Wells Fargo & Company increased their price target 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. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.07.

SBA Communications 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.