Rayonier Advanced Materials Inc (NYSE:RYAM) SVP William R. Manzer sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $12.42, for a total value of $12,420.00. Following the completion of the sale, the senior vice president now owns 43,786 shares of the company’s stock, valued at approximately $543,822.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Rayonier Advanced Materials stock opened at $13.77 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.32 and a debt-to-equity ratio of 1.53. The company has a market cap of $732.35 million, a P/E ratio of 14.20, a P/E/G ratio of 0.35 and a beta of 3.56. Rayonier Advanced Materials Inc has a one year low of $11.65 and a one year high of $22.96.
Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Monday, November 5th. The basic materials company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.08). The company had revenue of $544.00 million for the quarter, compared to the consensus estimate of $556.46 million. Rayonier Advanced Materials had a return on equity of 17.33% and a net margin of 21.00%. Rayonier Advanced Materials’s quarterly revenue was up 159.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. On average, equities research analysts forecast that Rayonier Advanced Materials Inc will post 1.9 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, December 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.03%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is presently 28.87%.
RYAM has been the subject of a number of research reports. Zacks Investment Research upgraded Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, September 26th. Bank of America reduced their price objective on Rayonier Advanced Materials from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, October 15th. Finally, ValuEngine downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.67.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Rayonier Advanced Materials by 2.9% during the 3rd quarter. BlackRock Inc. now owns 7,424,588 shares of the basic materials company’s stock worth $136,836,000 after buying an additional 212,472 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Rayonier Advanced Materials by 43.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,462,810 shares of the basic materials company’s stock worth $42,089,000 after buying an additional 747,925 shares during the period. Sterling Capital Management LLC lifted its position in shares of Rayonier Advanced Materials by 11.0% during the 3rd quarter. Sterling Capital Management LLC now owns 1,994,718 shares of the basic materials company’s stock worth $36,763,000 after buying an additional 197,251 shares during the period. Bowen Hanes & Co. Inc. lifted its position in shares of Rayonier Advanced Materials by 23.5% during the 3rd quarter. Bowen Hanes & Co. Inc. now owns 1,000,000 shares of the basic materials company’s stock worth $18,430,000 after buying an additional 190,000 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Rayonier Advanced Materials by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 980,968 shares of the basic materials company’s stock worth $18,078,000 after buying an additional 31,504 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.
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About Rayonier Advanced Materials
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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