Rayonier Inc. (RYN): Today's Featured Conglomerates Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Rayonier ( RYN) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day down 0.9%. By the end of trading, Rayonier rose $1.06 (2.4%) to $46.05 on average volume. Throughout the day, 1,136,762 shares of Rayonier exchanged hands as compared to its average daily volume of 1,210,300 shares. The stock ranged in a price between $45.04-$46.30 after having opened the day at $45.23 as compared to the previous trading day's close of $44.99. Other companies within the Conglomerates sector that increased today were: Pingtan Marine Enterprise ( PME), up 7.1%, SAExploration Holdings ( SAEX), up 3.6%, Lydall ( LDL), up 2.6% and Dex Media ( DXM), up 2.0%.

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 $5.7 billion and is part of the materials & construction industry. Shares are up 6.9% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Rayonier a buy, no analysts rate 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 revenue growth, notable return on equity, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Prime Acquisition ( PACQF), down 62.2% and RMG Networks ( RMGN), down 3.1%.

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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