Public Employees Retirement System of Ohio acquired a new position in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,644 shares of the basic materials company’s stock, valued at approximately $497,000. Public Employees Retirement System of Ohio owned about 0.07% of Rayonier Advanced Materials at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Rayonier Advanced Materials by 6.1% during the second quarter. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 399 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Rayonier Advanced Materials by 77.4% during the second quarter. State of Alaska Department of Revenue now owns 8,482 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 3,702 shares during the last quarter. GW&K Investment Management LLC bought a new position in shares of Rayonier Advanced Materials during the second quarter worth about $181,000. OMERS ADMINISTRATION Corp bought a new position in shares of Rayonier Advanced Materials during the second quarter worth about $250,000. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Rayonier Advanced Materials by 66.5% during 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 acquiring an additional 6,560 shares during the last quarter. Institutional investors own 91.46% of the company’s stock.

A number of brokerages have recently issued reports on RYAM. ValuEngine downgraded Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $20.00 target price on shares of Rayonier Advanced Materials in a report on Friday, November 3rd. Sidoti began coverage on Rayonier Advanced Materials in a report on Thursday, August 17th. They issued a “buy” rating and a $19.00 target price for the company. Finally, BidaskClub downgraded Rayonier Advanced Materials from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.83.

Shares of Rayonier Advanced Materials Inc. (NYSE RYAM) opened at $16.76 on Monday. The firm has a market capitalization of $725.32, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 5.24 and a beta of 4.27. The company has a quick ratio of 1.20, a current ratio of 1.46 and a debt-to-equity ratio of 2.19. Rayonier Advanced Materials Inc. has a 1-year low of $11.88 and a 1-year high of $17.60.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $210.00 million during the quarter, compared to the consensus estimate of $200.66 million. Rayonier Advanced Materials had a return on equity of 18.12% and a net margin of 4.98%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. equities analysts anticipate that Rayonier Advanced Materials Inc. will post 0.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.67%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is presently 43.75%.

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Rayonier Advanced Materials 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.

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

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