Rayonier Advanced Materials Inc (RYAM) SVP William R. Manzer Sells 1,000 Shares

Rayonier Advanced Materials Inc (NYSE:RYAM) SVP William R. Manzer sold 1,000 shares of the stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $12.42, for a total value of $12,420.00. Following the transaction, the senior vice president now directly owns 43,786 shares of the company’s stock, valued at $543,822.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of RYAM traded up $0.52 during trading hours on Wednesday, hitting $14.30. 937,100 shares of the company were exchanged, compared to its average volume of 852,495. The firm has a market cap of $665.77 million, a PE ratio of 14.74, a P/E/G ratio of 0.32 and a beta of 3.56. The company has a quick ratio of 1.15, a current ratio of 2.17 and a debt-to-equity ratio of 1.64. 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 released its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.54 earnings per share for the quarter, missing the 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 17.08% and a net margin of 23.97%. The business’s revenue was up 159.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. On average, equities research analysts anticipate that Rayonier Advanced Materials Inc will post 2.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, December 14th. Rayonier Advanced Materials’s dividend payout ratio is presently 28.87%.

Several research firms have recently weighed in on RYAM. ValuEngine raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Berenberg Bank began coverage on Rayonier Advanced Materials in a research note on Thursday, July 12th. They set a “buy” rating and a $25.00 price objective for the company. Finally, 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 note on Monday, October 15th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $21.67.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. A.R.T. Advisors LLC purchased a new stake in shares of Rayonier Advanced Materials in the first quarter valued at $223,000. Sigma Planning Corp purchased a new stake in shares of Rayonier Advanced Materials in the second quarter valued at $178,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Rayonier Advanced Materials in the second quarter valued at $188,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Rayonier Advanced Materials in the second quarter valued at $200,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Rayonier Advanced Materials in the second quarter valued at $203,000. 98.88% of the stock is owned by institutional investors and hedge funds.

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Rayonier Advanced Materials Company 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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