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Rayonier ( RYN) pushed the Conglomerates sector lower today making it today's featured Conglomerates laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Rayonier fell $0.71 (-1.7%) to $41.19 on heavy volume. Throughout the day, 4,219,934 shares of Rayonier exchanged hands as compared to its average daily volume of 1,089,700 shares. The stock ranged in price between $39.49-$41.23 after having opened the day at $40.44 as compared to the previous trading day's close of $41.90. Other companies within the Conglomerates sector that declined today were: Global Eagle Entertainment ( ENT), down 6.9% and RMG Networks ( RMGN), down 2.9%.

Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. Rayonier has a market cap of $5.3 billion and is part of the materials & construction industry. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. Shares are down 18.6% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Rayonier a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Rayonier as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Andina Acquisition ( ANDA), up 9.4% and MGT Capital Investments ( MGT), up 2.5% , were all gainers within the conglomerates sector with 3M ( MMM) being today's featured conglomerates sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider SPDR Trust Series 1 ( SPY) while those bearish on the conglomerates sector could consider ProShares Short S&P 500 ( SH).

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