Oregon Public Employees Retirement Fund acquired a new position in shares of Rayonier Advanced Materials Inc (NYSE:RYAM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 19,419 shares of the basic materials company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Rayonier Advanced Materials during the third quarter worth approximately $232,000. Quantamental Technologies LLC purchased a new stake in Rayonier Advanced Materials during the fourth quarter worth approximately $135,000. LPL Financial LLC purchased a new stake in Rayonier Advanced Materials during the third quarter worth approximately $262,000. Sigma Planning Corp grew its stake in Rayonier Advanced Materials by 25.4% during the fourth quarter. Sigma Planning Corp now owns 14,392 shares of the basic materials company’s stock worth $153,000 after buying an additional 2,913 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in Rayonier Advanced Materials during the third quarter worth approximately $292,000. Institutional investors own 96.59% of the company’s stock.

Separately, ValuEngine downgraded shares of Rayonier Advanced Materials from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 5th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.67.

Shares of RYAM stock opened at $12.71 on Friday. The firm has a market capitalization of $626.31 million, a PE ratio of 7.52, a PEG ratio of 0.63 and a beta of 3.54. The company has a quick ratio of 1.07, a current ratio of 1.93 and a debt-to-equity ratio of 1.66. Rayonier Advanced Materials Inc has a twelve month low of $9.45 and a twelve month high of $22.96.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Wednesday, February 13th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.16). The firm had revenue of $526.00 million during the quarter, compared to analysts’ expectations of $541.71 million. Rayonier Advanced Materials had a net margin of 6.05% and a return on equity of 15.08%. Rayonier Advanced Materials’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. On average, research analysts predict that Rayonier Advanced Materials Inc will post 1.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.07 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.20%. Rayonier Advanced Materials’s dividend payout ratio (DPR) is presently 16.57%.

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Rayonier Advanced Materials 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, Pulp, and 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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