Barclays PLC raised its stake in shares of Rayonier Advanced Materials Inc (NYSE:RYAM) by 72.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 25,933 shares of the basic materials company’s stock after buying an additional 10,938 shares during the period. Barclays PLC’s holdings in Rayonier Advanced Materials were worth $557,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RYAM. Oaktree Capital Management LP purchased a new position in shares of Rayonier Advanced Materials during the 4th quarter valued at about $31,850,000. Restructuring Capital Associates LP purchased a new position in shares of Rayonier Advanced Materials during the 4th quarter valued at about $14,926,000. Marcato Capital Management LP raised its stake in shares of Rayonier Advanced Materials by 40.2% during the 1st quarter. Marcato Capital Management LP now owns 2,182,000 shares of the basic materials company’s stock valued at $46,847,000 after buying an additional 625,673 shares during the last quarter. BlackRock Inc. raised its stake in shares of Rayonier Advanced Materials by 9.1% during the 4th quarter. BlackRock Inc. now owns 6,214,366 shares of the basic materials company’s stock valued at $127,083,000 after buying an additional 520,554 shares during the last quarter. Finally, WBI Investments Inc. purchased a new position in shares of Rayonier Advanced Materials during the 1st quarter valued at about $7,423,000. Institutional investors and hedge funds own 96.59% of the company’s stock.
NYSE:RYAM opened at $17.09 on Friday. Rayonier Advanced Materials Inc has a 52 week low of $12.68 and a 52 week high of $22.96. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.01 and a current ratio of 2.06. The stock has a market cap of $862.05 million, a PE ratio of 17.62, a price-to-earnings-growth ratio of 0.43 and a beta of 3.43.
Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Monday, May 7th. The basic materials company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.07). Rayonier Advanced Materials had a net margin of 26.52% and a return on equity of 15.39%. The business had revenue of $522.00 million for the quarter, compared to analyst estimates of $522.14 million. During the same quarter last year, the business earned $0.15 earnings per share. Rayonier Advanced Materials’s revenue was up 4.0% on a year-over-year basis. analysts expect that Rayonier Advanced Materials Inc will post 1.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Friday, June 15th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, June 14th. Rayonier Advanced Materials’s dividend payout ratio (DPR) is presently 28.87%.
In other Rayonier Advanced Materials news, SVP Michael R. Herman bought 2,900 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were purchased at an average cost of $17.12 per share, for a total transaction of $49,648.00. Following the transaction, the senior vice president now directly owns 123,914 shares of the company’s stock, valued at $2,121,407.68. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 2.23% of the stock is owned by company insiders.
A number of equities analysts have weighed in on RYAM shares. ValuEngine lowered Rayonier Advanced Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded Rayonier Advanced Materials from a “sell” rating to a “hold” rating in a research note on Friday, April 20th. Finally, Vertical Research upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Rayonier Advanced Materials presently has a consensus rating of “Buy” and a consensus target price of $21.00.
Rayonier Advanced Materials Profile
Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Japan, Europe, Latin America, other Asian countries, Canada, and internationally. The company operates through High Purity Cellulose, Forest Products, and Pulp & Paper segments. Its products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.
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