Rayonier Advanced Materials Inc (RYAM) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its stake in shares of Rayonier Advanced Materials Inc (NYSE:RYAM) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,672 shares of the basic materials company’s stock after buying an additional 45,442 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.66% of Rayonier Advanced Materials worth $3,928,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Mckinley Capital Management LLC Delaware boosted its stake in Rayonier Advanced Materials by 1.5% during the third quarter. Mckinley Capital Management LLC Delaware now owns 211,762 shares of the basic materials company’s stock worth $2,901,000 after buying an additional 3,230 shares during the period. Wells Fargo & Company MN boosted its stake in Rayonier Advanced Materials by 34.3% during the third quarter. Wells Fargo & Company MN now owns 97,702 shares of the basic materials company’s stock worth $1,338,000 after buying an additional 24,937 shares during the period. Trexquant Investment LP purchased a new position in Rayonier Advanced Materials during the third quarter worth about $217,000. Macquarie Group Ltd. purchased a new position in Rayonier Advanced Materials during the third quarter worth about $374,000. Finally, Quantbot Technologies LP boosted its stake in Rayonier Advanced Materials by 1,613.9% during the third quarter. Quantbot Technologies LP now owns 10,129 shares of the basic materials company’s stock worth $138,000 after buying an additional 9,538 shares during the period. 95.15% of the stock is owned by institutional investors.

Rayonier Advanced Materials Inc (NYSE RYAM) opened at $19.92 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.46 and a debt-to-equity ratio of 2.19. Rayonier Advanced Materials Inc has a 12 month low of $11.88 and a 12 month high of $20.99. The company has a market cap of $1,030.00, a P/E ratio of 36.89, a PEG ratio of 2.23 and a beta of 4.41.

Rayonier Advanced Materials (NYSE:RYAM) last issued its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Rayonier Advanced Materials had a net margin of 7.47% and a return on equity of 21.52%. The company had revenue of $210.00 million during the quarter, compared to the consensus estimate of $200.66 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. sell-side analysts expect that Rayonier Advanced Materials Inc will post 0.61 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. Rayonier Advanced Materials’s dividend payout ratio is currently 51.85%.

Several research analysts have recently commented on the stock. Vertical Research lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Royal Bank of Canada reissued a “buy” rating and issued a $20.00 price objective on shares of Rayonier Advanced Materials in a research note on Friday, November 3rd. TheStreet raised shares of Rayonier Advanced Materials from a “c” rating to a “b” rating in a research note on Wednesday, December 13th. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Thursday, January 4th. Finally, ValuEngine lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.00.

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Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.

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Institutional Ownership by Quarter for Rayonier Advanced Materials (NYSE:RYAM)

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