Schwab Charles Investment Management Inc. Purchases 45,442 Shares of Rayonier Advanced Materials Inc (RYAM)

Schwab Charles Investment Management Inc. raised its position in Rayonier Advanced Materials Inc (NYSE:RYAM) by 18.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,672 shares of the basic materials company’s stock after acquiring an additional 45,442 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Rayonier Advanced Materials were worth $3,928,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Rayonier Advanced Materials by 22.0% during the second quarter. Renaissance Technologies LLC now owns 3,892,500 shares of the basic materials company’s stock worth $61,190,000 after purchasing an additional 701,200 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Rayonier Advanced Materials by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,527,856 shares of the basic materials company’s stock worth $24,018,000 after purchasing an additional 116,572 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Rayonier Advanced Materials by 36.8% during the second quarter. Sterling Capital Management LLC now owns 1,441,411 shares of the basic materials company’s stock worth $22,659,000 after purchasing an additional 387,674 shares in the last quarter. State Street Corp raised its holdings in Rayonier Advanced Materials by 5.2% during the second quarter. State Street Corp now owns 1,132,046 shares of the basic materials company’s stock worth $17,797,000 after purchasing an additional 56,453 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in 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 worth $13,636,000 after purchasing an additional 55,480 shares in the last quarter. Institutional investors own 95.15% of the company’s stock.

A number of research firms have weighed in on RYAM. ValuEngine cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Zacks Investment Research raised shares of Rayonier Advanced Materials from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. TheStreet raised shares of Rayonier Advanced Materials from a “c” rating to a “b” rating in a report on Wednesday, December 13th. Royal Bank of Canada reissued a “buy” rating and set a $18.00 price objective on shares of Rayonier Advanced Materials in a report on Friday, October 27th. Finally, Vertical Research cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $20.00.

Rayonier Advanced Materials Inc (NYSE RYAM) opened at $19.92 on Friday. The company has a market cap of $1,030.00, a price-to-earnings ratio of 36.89, a PEG ratio of 2.23 and a beta of 4.41. Rayonier Advanced Materials Inc has a 1-year low of $11.88 and a 1-year high of $20.99. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.46 and a quick ratio of 1.20.

Rayonier Advanced Materials (NYSE:RYAM) last announced its earnings results on Wednesday, November 1st. The basic materials company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $210.00 million for the quarter, compared to analysts’ expectations of $200.66 million. Rayonier Advanced Materials had a net margin of 7.47% and a return on equity of 21.52%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. analysts predict that Rayonier Advanced Materials Inc will post 0.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.07 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.41%. Rayonier Advanced Materials’s payout ratio is 51.85%.

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Rayonier Advanced Materials Company 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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