First Hawaiian Bank Buys New Stake in Rayonier Advanced Materials Inc (RYAM)

First Hawaiian Bank bought a new position in Rayonier Advanced Materials Inc (NYSE:RYAM) in the 3rd quarter, HoldingsChannel reports. The firm bought 12,995 shares of the basic materials company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its holdings in Rayonier Advanced Materials by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 65,859 shares of the basic materials company’s stock valued at $1,125,000 after purchasing an additional 2,497 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Rayonier Advanced Materials by 11.7% in the first quarter. The Manufacturers Life Insurance Company now owns 36,875 shares of the basic materials company’s stock valued at $792,000 after purchasing an additional 3,875 shares during the last quarter. Legal & General Group Plc boosted its holdings in Rayonier Advanced Materials by 3.9% in the first quarter. Legal & General Group Plc now owns 104,168 shares of the basic materials company’s stock valued at $2,232,000 after purchasing an additional 3,934 shares during the last quarter. Aperio Group LLC boosted its holdings in Rayonier Advanced Materials by 19.9% in the second quarter. Aperio Group LLC now owns 26,321 shares of the basic materials company’s stock valued at $450,000 after purchasing an additional 4,370 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Rayonier Advanced Materials by 14.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 40,654 shares of the basic materials company’s stock valued at $695,000 after purchasing an additional 5,185 shares during the last quarter. 98.23% of the stock is owned by institutional investors.

NYSE:RYAM opened at $12.10 on Wednesday. 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 Inc has a 52 week low of $11.65 and a 52 week high of $22.96. The company has a market cap of $625.31 million, a price-to-earnings ratio of 12.47, a PEG ratio of 0.29 and a beta of 3.47.



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

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, December 14th. Rayonier Advanced Materials’s dividend payout ratio is presently 28.87%.

RYAM has been the subject of a number of analyst reports. Bank of America reduced their price target on Rayonier Advanced Materials from $26.00 to $24.00 and set a “buy” rating for the company in a report on Monday, October 15th. ValuEngine downgraded Rayonier Advanced Materials from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Zacks Investment Research downgraded Rayonier Advanced Materials from a “buy” rating to a “strong sell” rating in a report on Thursday, October 18th. Finally, Berenberg Bank started coverage on Rayonier Advanced Materials in a report on Thursday, July 12th. They set a “buy” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Rayonier Advanced Materials currently has a consensus rating of “Hold” and an average price target of $21.25.

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, 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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