Rayonier Advanced Materials Inc (NYSE:RYAM) SVP William R. Manzer sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $20.29, for a total value of $20,290.00. Following the completion of the transaction, the senior vice president now directly owns 47,786 shares of the company’s stock, valued at $969,577.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NYSE:RYAM traded up $0.59 during trading hours on Friday, hitting $20.89. 1,650,535 shares of the company’s stock traded hands, compared to its average volume of 858,582. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 0.43 and a beta of 3.41. Rayonier Advanced Materials Inc has a 52 week low of $13.17 and a 52 week high of $22.96. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.15 and a current ratio of 2.17.

Rayonier Advanced Materials (NYSE:RYAM) last posted its quarterly earnings data on Thursday, August 2nd. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.07. The company had revenue of $542.00 million during the quarter, compared to analyst estimates of $544.22 million. Rayonier Advanced Materials had a return on equity of 17.08% and a net margin of 23.97%. The firm’s quarterly revenue was up 169.7% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. equities analysts forecast that Rayonier Advanced Materials Inc will post 2.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 13th. Rayonier Advanced Materials’s dividend payout ratio is 28.87%.

A number of equities analysts have recently commented on the company. ValuEngine raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a report on Monday, August 6th. Berenberg Bank assumed 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. Zacks Investment Research raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Friday, May 11th. Finally, Vertical Research raised Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Six investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $23.00.

A number of large investors have recently bought and sold shares of RYAM. A.R.T. Advisors LLC purchased a new stake in Rayonier Advanced Materials during the first quarter valued at about $223,000. Sit Investment Associates Inc. purchased a new stake in Rayonier Advanced Materials during the second quarter valued at about $972,000. OMERS ADMINISTRATION Corp raised its position in Rayonier Advanced Materials by 139.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 60,300 shares of the basic materials company’s stock valued at $1,295,000 after purchasing an additional 35,100 shares in the last quarter. Stifel Financial Corp purchased a new stake in Rayonier Advanced Materials during the first quarter valued at about $509,000. Finally, Cavalier Investments LLC purchased a new position in shares of Rayonier Advanced Materials in the first quarter worth about $781,000. 97.03% of the stock is owned by institutional investors.

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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