UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 11,976 Shares of SBA Communications Co. (NASDAQ:SBAC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of SBA Communications Co. (NASDAQ:SBAC - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 898,360 shares of the technology company's stock after purchasing an additional 11,976 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.84% of SBA Communications worth $183,086,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Evermay Wealth Management LLC bought a new position in SBA Communications during the 4th quarter worth $27,000. Graney & King LLC bought a new position in SBA Communications during the 4th quarter worth $29,000. Oakworth Capital Inc. raised its position in SBA Communications by 161.8% during the 4th quarter. Oakworth Capital Inc. now owns 233 shares of the technology company's stock worth $47,000 after purchasing an additional 144 shares during the last quarter. CKW Financial Group bought a new position in SBA Communications during the 4th quarter worth $56,000. Finally, State of Wyoming grew its holdings in SBA Communications by 75.8% during the 4th quarter. State of Wyoming now owns 276 shares of the technology company's stock worth $56,000 after acquiring an additional 119 shares during the period. 97.35% of the stock is owned by institutional investors.

SBA Communications Stock Down 1.7%

SBAC stock traded down $4.03 during mid-day trading on Wednesday, reaching $226.98. 222,585 shares of the company traded hands, compared to its average volume of 894,499. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 35.78, a P/E/G ratio of 0.74 and a beta of 0.83. SBA Communications Co. has a fifty-two week low of $185.44 and a fifty-two week high of $252.64. The firm's 50 day moving average price is $226.17 and its 200 day moving average price is $216.23.

SBA Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Thursday, May 22nd will be given a dividend of $1.11 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $4.44 annualized dividend and a dividend yield of 1.96%. SBA Communications's dividend payout ratio is currently 60.91%.

Analyst Ratings Changes

Several analysts have recently commented on SBAC shares. Bank of America started coverage on SBA Communications in a research note on Monday, May 19th. They issued a "buy" rating and a $260.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and issued a $255.00 target price on shares of SBA Communications in a research note on Monday, February 24th. Wells Fargo & Company raised 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. Wall Street Zen downgraded SBA Communications from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Finally, JMP Securities raised their target price on SBA Communications from $250.00 to $270.00 and gave the company a "market outperform" rating in a research note on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, SBA Communications presently has an average rating of "Moderate Buy" and a consensus target price of $253.43.

Insiders Place Their Bets

In other SBA Communications news, VP Joshua Koenig sold 2,209 shares of SBA Communications stock in a transaction that occurred 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 owns 6,079 shares of the company's stock, valued at $1,362,790.22. This trade represents a 26.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack Langer sold 5,000 shares of SBA Communications stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $240.59, for a total transaction of $1,202,950.00. Following the transaction, the director now directly owns 10,522 shares in the company, valued at approximately $2,531,487.98. This represents a 32.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.92% of the company's stock.

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.