Navellier & Associates Inc grew its stake in Rayonier Advanced Materials Inc (NYSE:RYAM) by 54.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,071 shares of the basic materials company’s stock after acquiring an additional 30,036 shares during the period. Navellier & Associates Inc owned 0.16% of Rayonier Advanced Materials worth $1,454,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RYAM. Sigma Planning Corp bought a new position in Rayonier Advanced Materials in the 2nd quarter worth about $178,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Rayonier Advanced Materials by 504.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,594 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 7,173 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Rayonier Advanced Materials in the 2nd quarter worth about $188,000. Campbell & CO Investment Adviser LLC bought a new position in Rayonier Advanced Materials in the 1st quarter worth about $208,000. Finally, Gabelli Funds LLC bought a new position in Rayonier Advanced Materials in the 1st quarter worth about $208,000. Institutional investors and hedge funds own 96.85% of the company’s stock.

In other Rayonier Advanced Materials news, SVP Michael R. Herman purchased 2,900 shares of the stock in a transaction dated Thursday, June 14th. The stock was purchased at an average price of $17.12 per share, with a total value of $49,648.00. Following the transaction, the senior vice president now owns 123,914 shares of the company’s stock, valued at $2,121,407.68. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.23% of the stock is currently owned by corporate insiders.

Shares of RYAM opened at $20.30 on Friday. Rayonier Advanced Materials Inc has a fifty-two week low of $12.68 and a fifty-two week high of $22.96. The company has a market capitalization of $1.05 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.43 and a beta of 3.41. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.16 and a quick ratio of 1.01.

Rayonier Advanced Materials (NYSE:RYAM) last announced its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.07. Rayonier Advanced Materials had a net margin of 23.97% and a return on equity of 17.08%. The firm had revenue of $542.00 million during the quarter, compared to analysts’ expectations of $544.22 million. During the same quarter in the prior year, the company earned $0.11 EPS. The company’s revenue was up 169.7% compared to the same quarter last year. equities analysts expect that Rayonier Advanced Materials Inc will post 2.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a $0.07 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.38%. Rayonier Advanced Materials’s payout ratio is presently 28.87%.

RYAM has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Tuesday, May 29th. Berenberg Bank initiated coverage on shares of Rayonier Advanced Materials in a research report on Thursday, July 12th. They issued a “buy” rating and a $25.00 price target for the company. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Friday, May 11th. Finally, Vertical Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Seven analysts have rated the stock with a buy rating, Rayonier Advanced Materials has a consensus rating of “Buy” and an average price target of $22.20.

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

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