Great West Life Assurance Co. Can reduced its stake in Rayonier Advanced Materials Inc (NYSE:RYAM) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,293 shares of the basic materials company’s stock after selling 4,460 shares during the period. Great West Life Assurance Co. Can owned approximately 0.13% of Rayonier Advanced Materials worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arizona State Retirement System increased its holdings in Rayonier Advanced Materials by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 22,605 shares of the basic materials company’s stock valued at $355,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund increased its holdings in Rayonier Advanced Materials by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 31,590 shares of the basic materials company’s stock valued at $497,000 after purchasing an additional 264 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Rayonier Advanced Materials by 6.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company’s stock valued at $110,000 after buying an additional 399 shares during the last quarter. Victory Capital Management Inc. boosted its position in Rayonier Advanced Materials by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 23,400 shares of the basic materials company’s stock valued at $368,000 after buying an additional 1,748 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in Rayonier Advanced Materials by 9.7% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 23,409 shares of the basic materials company’s stock valued at $368,000 after buying an additional 2,079 shares during the last quarter. Hedge funds and other institutional investors own 95.15% of the company’s stock.

Rayonier Advanced Materials Inc (NYSE RYAM) opened at $19.97 on Monday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.46 and a quick ratio of 1.20. The firm has a market cap of $1,030.00, a PE ratio of 36.98, a price-to-earnings-growth ratio of 6.62 and a beta of 4.41. Rayonier Advanced Materials Inc has a 12-month low of $11.88 and a 12-month high of $20.31.

Rayonier Advanced Materials (NYSE:RYAM) last posted 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. Rayonier Advanced Materials had a net margin of 4.98% and a return on equity of 18.12%. The company had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $200.66 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts predict that Rayonier Advanced Materials Inc will post 0.61 earnings per share for the current year.

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

A number of equities analysts have weighed in on the stock. TheStreet raised shares of Rayonier Advanced Materials from a “c” rating to a “b” rating in a research report on Wednesday, December 13th. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 8th. ValuEngine cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $20.00 price objective on shares of Rayonier Advanced Materials in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Rayonier Advanced Materials currently has a consensus rating of “Buy” and a consensus price target of $18.83.

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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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