Rayonier Advanced Materials Inc (RYAM) Holdings Boosted by BlackRock Inc.

BlackRock Inc. boosted its stake in shares of Rayonier Advanced Materials Inc (NYSE:RYAM) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,214,366 shares of the basic materials company’s stock after purchasing an additional 520,554 shares during the period. BlackRock Inc. owned approximately 14.36% of Rayonier Advanced Materials worth $127,083,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware raised 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 purchasing an additional 3,230 shares during the period. Texas Permanent School Fund raised its stake in shares of Rayonier Advanced Materials by 10.8% in the 4th quarter. Texas Permanent School Fund now owns 35,005 shares of the basic materials company’s stock valued at $716,000 after acquiring an additional 3,417 shares during the period. Victory Capital Management Inc. raised its stake in shares of Rayonier Advanced Materials by 15.3% in the 3rd quarter. Victory Capital Management Inc. now owns 26,977 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 3,577 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Rayonier Advanced Materials by 27.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 22,300 shares of the basic materials company’s stock valued at $456,000 after acquiring an additional 4,800 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Rayonier Advanced Materials by 4.2% in the 3rd quarter. California Public Employees Retirement System now owns 148,400 shares of the basic materials company’s stock valued at $2,033,000 after acquiring an additional 6,000 shares during the period. 94.21% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently commented on RYAM shares. TheStreet raised shares of Rayonier Advanced Materials from a “c” rating to a “b” rating in a research note on Wednesday, December 13th. ValuEngine downgraded shares of Rayonier Advanced Materials from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Bank of America raised their target price on shares of Rayonier Advanced Materials from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Vertical Research downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Zacks Investment Research downgraded shares of Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.83.

RYAM stock opened at $19.32 on Friday. Rayonier Advanced Materials Inc has a one year low of $11.88 and a one year high of $21.44. The company has a quick ratio of 1.12, a current ratio of 2.10 and a debt-to-equity ratio of 1.78. The company has a market cap of $1,076.53, a price-to-earnings ratio of 3.53, a PEG ratio of 2.37 and a beta of 3.69.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, February 20th. The basic materials company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.35. The business had revenue of $349.00 million for the quarter, compared to the consensus estimate of $349.31 million. Rayonier Advanced Materials had a net margin of 33.92% and a return on equity of 16.99%. The business’s revenue for the quarter was up 51.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 EPS. sell-side analysts forecast that Rayonier Advanced Materials Inc will post 1.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, March 15th. Rayonier Advanced Materials’s payout ratio is 5.12%.

Rayonier Advanced Materials announced that its board has authorized a share buyback plan on Tuesday, February 20th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the basic materials company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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About Rayonier Advanced Materials

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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