Boston Partners Decreases Position in Rayonier Advanced Materials Inc. $RYAM

Key Points

• Boston Partners has significantly reduced its stake in Rayonier Advanced Materials, cutting holdings by 60.6% to 584,107 shares, valued at approximately $3.36 million.
• Analysts have recently downgraded Rayonier Advanced Materials, with Zacks Research rating it as a "strong sell" and Royal Bank of Canada lowering the price target from $9.00 to $6.00.
• Rayonier Advanced Materials reported a loss of $0.43 EPS in its latest quarterly earnings, missing analysts' expectations and demonstrating a negative return on equity of 12.11%.

Boston Partners trimmed its holdings in shares of Rayonier Advanced Materials Inc. (NYSE:RYAM - Free Report) by 60.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,107 shares of the basic materials company's stock after selling 896,829 shares during the period. Boston Partners owned about 0.87% of Rayonier Advanced Materials worth $3,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of RYAM. Millennium Management LLC boosted its holdings in shares of Rayonier Advanced Materials by 127.0% in the 4th quarter. Millennium Management LLC now owns 846,678 shares of the basic materials company's stock valued at $6,985,000 after buying an additional 473,723 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in Rayonier Advanced Materials during the first quarter valued at approximately $34,000. Deutsche Bank AG boosted its stake in Rayonier Advanced Materials by 18.2% in the fourth quarter. Deutsche Bank AG now owns 123,297 shares of the basic materials company's stock valued at $1,017,000 after acquiring an additional 18,954 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Rayonier Advanced Materials by 13.2% in the first quarter. Assenagon Asset Management S.A. now owns 259,475 shares of the basic materials company's stock worth $1,492,000 after purchasing an additional 30,282 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Rayonier Advanced Materials by 64.4% during the fourth quarter. AQR Capital Management LLC now owns 507,373 shares of the basic materials company's stock worth $4,186,000 after purchasing an additional 198,709 shares in the last quarter. Institutional investors own 68.64% of the company's stock.

Rayonier Advanced Materials Stock Performance

Shares of NYSE RYAM traded up $0.0750 during trading on Thursday, reaching $5.0750. 442,166 shares of the company traded hands, compared to its average volume of 552,375. The stock has a market cap of $340.03 million, a P/E ratio of -0.76 and a beta of 2.49. The firm's fifty day simple moving average is $4.20 and its 200 day simple moving average is $4.92. The company has a current ratio of 1.45, a quick ratio of 0.83 and a debt-to-equity ratio of 2.10. Rayonier Advanced Materials Inc. has a 12-month low of $3.35 and a 12-month high of $10.28.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The basic materials company reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.23). The company had revenue of $340.00 million during the quarter, compared to analysts' expectations of $387.07 million. Rayonier Advanced Materials had a negative return on equity of 12.11% and a negative net margin of 29.23%. As a group, research analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Activity at Rayonier Advanced Materials

In other news, CEO Delyle W. Bloomquist acquired 53,533 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average price of $4.71 per share, with a total value of $252,140.43. Following the purchase, the chief executive officer directly owned 539,557 shares of the company's stock, valued at $2,541,313.47. This trade represents a 11.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.41% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RYAM. Wall Street Zen downgraded Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Zacks Research upgraded shares of Rayonier Advanced Materials to a "strong sell" rating in a report on Friday, August 8th. Finally, Royal Bank Of Canada decreased their price target on shares of Rayonier Advanced Materials from $9.00 to $6.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.00.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company's products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.