Crossmark Global Holdings Inc. Has $1.11 Million Stock Holdings in SBA Communications Co. (NASDAQ:SBAC)

Crossmark Global Holdings Inc. lowered its position in shares of SBA Communications Co. (NASDAQ:SBAC) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,438 shares of the technology company’s stock after selling 492 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in SBA Communications were worth $1,108,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SBAC. Oak Thistle LLC grew its holdings in shares of SBA Communications by 76.1% in the 4th quarter. Oak Thistle LLC now owns 6,623 shares of the technology company’s stock valued at $1,350,000 after buying an additional 2,863 shares during the period. Czech National Bank lifted its holdings in SBA Communications by 6.5% during the fourth quarter. Czech National Bank now owns 23,314 shares of the technology company’s stock worth $4,751,000 after acquiring an additional 1,421 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in SBA Communications by 14,529.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 251,328 shares of the technology company’s stock valued at $60,495,000 after acquiring an additional 249,610 shares during the period. First Hawaiian Bank grew its stake in SBA Communications by 91.0% in the fourth quarter. First Hawaiian Bank now owns 12,377 shares of the technology company’s stock valued at $2,522,000 after acquiring an additional 5,897 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of SBA Communications by 135.5% in the third quarter. Bank of Montreal Can now owns 420,514 shares of the technology company’s stock worth $100,351,000 after acquiring an additional 241,916 shares in the last quarter. Institutional investors own 97.35% of the company’s stock.

Insider Activity

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

SBA Communications Price Performance

Shares of SBAC opened at $196.83 on Friday. The company has a market cap of $21.16 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. The firm has a 50-day moving average of $209.87 and a 200-day moving average of $221.45. SBA Communications Co. has a one year low of $183.64 and a one year high of $252.64.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings results on Monday, October 28th. The technology company reported $2.40 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.77). SBA Communications had a negative return on equity of 13.13% and a net margin of 25.76%. The business had revenue of $667.60 million for the quarter, compared to analyst estimates of $669.29 million. During the same period last year, the firm earned $3.34 EPS. SBA Communications’s quarterly revenue was down 2.2% compared to the same quarter last year. Analysts expect that SBA Communications Co. will post 12.57 earnings per share for the current year.

SBA Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 14th were issued a $0.98 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.92 annualized dividend and a dividend yield of 1.99%. SBA Communications’s dividend payout ratio is currently 61.83%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SBAC. Wells Fargo & Company lowered their target price on SBA Communications from $230.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday. StockNews.com upgraded shares of SBA Communications from a “hold” rating to a “buy” rating in a report on Thursday. TD Cowen upped their target price on shares of SBA Communications from $251.00 to $261.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Barclays dropped their price target on SBA Communications from $257.00 to $254.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Finally, KeyCorp increased their price objective on SBA Communications from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $252.46.

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.