Natixis Advisors LLC Boosts Stake in SBA Communications Co. (NASDAQ:SBAC)

Natixis Advisors LLC grew its position in SBA Communications Co. (NASDAQ:SBAC - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,778 shares of the technology company's stock after acquiring an additional 5,943 shares during the quarter. Natixis Advisors LLC owned about 0.08% of SBA Communications worth $16,463,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SBAC. CIBC Asset Management Inc raised its position in SBA Communications by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 15,673 shares of the technology company's stock worth $3,772,000 after purchasing an additional 1,202 shares during the period. Empowered Funds LLC grew its stake in shares of SBA Communications by 346.4% during the third quarter. Empowered Funds LLC now owns 7,883 shares of the technology company's stock valued at $1,897,000 after buying an additional 6,117 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of SBA Communications in the third quarter worth approximately $1,418,000. PNC Financial Services Group Inc. lifted its stake in shares of SBA Communications by 11.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 17,742 shares of the technology company's stock worth $4,270,000 after acquiring an additional 1,799 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in SBA Communications during the 3rd quarter valued at $1,693,000. Institutional investors own 97.35% of the company's stock.

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SBA Communications Trading Up 0.3 %

Shares of SBAC traded up $0.67 during trading hours on Friday, hitting $221.64. The company had a trading volume of 1,208,595 shares, compared to its average volume of 849,408. The company has a market capitalization of $23.85 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 0.74 and a beta of 0.74. SBA Communications Co. has a one year low of $183.64 and a one year high of $252.64. The company's fifty day moving average price is $209.59 and its two-hundred day moving average price is $220.17.

SBA Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 2.00%. This is a positive change from SBA Communications's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Thursday, March 13th. SBA Communications's dividend payout ratio is presently 63.98%.

Insider Activity

In other news, VP Joshua Koenig sold 2,209 shares of the 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 sale, the vice president now owns 6,079 shares in the company, valued at approximately $1,362,790.22. This represents a 26.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on SBAC. StockNews.com lowered SBA Communications from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Citizens Jmp raised shares of SBA Communications to a "strong-buy" rating in a research note on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $255.00 price objective on shares of SBA Communications in a research report on Monday, February 24th. JMP Securities assumed coverage on shares of SBA Communications in a research report on Monday, January 27th. They set an "outperform" rating and a $250.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on SBA Communications from $210.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $252.85.

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.