Rayonier Advanced Materials Inc. (RYAM) Stake Maintained by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. held its stake in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,183 shares of the basic materials company’s stock at the end of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in Rayonier Advanced Materials were worth $270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Rayonier Advanced Materials by 6.3% during the first quarter. Vanguard Group Inc. now owns 6,896,195 shares of the basic materials company’s stock valued at $92,755,000 after buying an additional 409,971 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Rayonier Advanced Materials by 24.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,411,284 shares of the basic materials company’s stock valued at $18,981,000 after buying an additional 275,545 shares during the period. State Street Corp lifted its stake in shares of Rayonier Advanced Materials by 15.9% during the first quarter. State Street Corp now owns 1,075,593 shares of the basic materials company’s stock valued at $14,465,000 after buying an additional 147,343 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Rayonier Advanced Materials by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 867,374 shares of the basic materials company’s stock valued at $13,636,000 after buying an additional 55,480 shares during the period. Finally, Rubric Capital Management LP purchased a new position in shares of Rayonier Advanced Materials during the second quarter valued at approximately $9,950,000. 93.30% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on RYAM shares. Royal Bank Of Canada reissued a “buy” rating and set a $18.00 price objective on shares of Rayonier Advanced Materials in a research note on Monday, August 21st. Sidoti initiated coverage on shares of Rayonier Advanced Materials in a research report on Thursday, August 17th. They set a “buy” rating and a $19.00 price target for the company. Vertical Group raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and upped their price target for the stock from $18.00 to $19.00 in a research report on Tuesday, July 25th. Zacks Investment Research lowered shares of Rayonier Advanced Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Vertical Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $18.50.

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In other Rayonier Advanced Materials news, Director Delyle W. Bloomquist bought 5,600 shares of Rayonier Advanced Materials stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $13.48 per share, for a total transaction of $75,488.00. Following the completion of the purchase, the director now directly owns 27,904 shares of the company’s stock, valued at $376,145.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.06% of the stock is owned by insiders.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Wednesday, November 1st. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $200.66 million. Rayonier Advanced Materials had a net margin of 4.98% and a return on equity of 18.49%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share.

The firm also recently announced 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. This represents a $0.28 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Thursday, December 14th. Rayonier Advanced Materials’s dividend payout ratio (DPR) is presently 43.75%.

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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