Ameriprise Financial Inc. trimmed its stake in Rayonier Advanced Materials Inc (NYSE:RYAM) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 576,837 shares of the basic materials company’s stock after selling 61,817 shares during the period. Ameriprise Financial Inc. owned approximately 1.33% of Rayonier Advanced Materials worth $7,902,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of RYAM. Teachers Advisors LLC boosted its stake in Rayonier Advanced Materials by 4.6% in the first quarter. Teachers Advisors LLC now owns 78,341 shares of the basic materials company’s stock worth $1,054,000 after buying an additional 3,464 shares in the last quarter. Aperio Group LLC boosted its stake in Rayonier Advanced Materials by 29.4% in the second quarter. Aperio Group LLC now owns 19,606 shares of the basic materials company’s stock worth $308,000 after buying an additional 4,453 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Rayonier Advanced Materials in the second quarter worth approximately $368,000. Municipal Employees Retirement System of Michigan boosted its stake in Rayonier Advanced Materials by 66.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,430 shares of the basic materials company’s stock worth $258,000 after buying an additional 6,560 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in Rayonier Advanced Materials by 0.8% in the second quarter. Texas Permanent School Fund now owns 31,590 shares of the basic materials company’s stock worth $497,000 after buying an additional 264 shares in the last quarter. Institutional investors own 95.15% of the company’s stock.

Several analysts have issued reports on the company. TheStreet raised Rayonier Advanced Materials from a “c” rating to a “b” rating in a research note on Wednesday, December 13th. ValuEngine lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $20.00 target price on shares of Rayonier Advanced Materials in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $18.83.

Shares of Rayonier Advanced Materials Inc (NYSE RYAM) opened at $19.97 on Monday. The firm has a market capitalization of $1,030.00, a P/E ratio of 36.98, a PEG ratio of 6.62 and a beta of 4.41. Rayonier Advanced Materials Inc has a 52 week low of $11.88 and a 52 week high of $20.31. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.20 and a current ratio of 1.46.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $210.00 million during the quarter, compared to analyst estimates of $200.66 million. Rayonier Advanced Materials had a return on equity of 18.12% and a net margin of 4.98%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. sell-side analysts forecast that Rayonier Advanced Materials Inc will post 0.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 14th. Rayonier Advanced Materials’s dividend payout ratio (DPR) is presently 51.85%.

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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.

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

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