Cerity Partners LLC Has $41.84 Million Holdings in On Holding AG (NYSE:ONON)

Cerity Partners LLC increased its holdings in On Holding AG (NYSE:ONON - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 765,440 shares of the company's stock after buying an additional 45,947 shares during the period. Cerity Partners LLC owned 0.12% of ON worth $41,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ONON. Apollon Wealth Management LLC raised its position in shares of ON by 74.0% in the 4th quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company's stock valued at $877,000 after buying an additional 6,808 shares in the last quarter. RB Capital Management LLC increased its stake in ON by 214.8% in the third quarter. RB Capital Management LLC now owns 22,426 shares of the company's stock valued at $1,125,000 after acquiring an additional 15,303 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in ON by 34.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company's stock valued at $76,213,000 after purchasing an additional 349,789 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in ON during the fourth quarter worth $30,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in shares of ON by 584.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company's stock valued at $4,195,000 after purchasing an additional 71,436 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ONON shares. Bank of America began coverage on ON in a research report on Tuesday, January 7th. They set a "buy" rating and a $73.00 price objective for the company. UBS Group lifted their price target on shares of ON from $65.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Morgan Stanley increased their price objective on shares of ON from $62.00 to $66.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. TD Cowen boosted their target price on shares of ON from $65.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price target on ON from $66.00 to $57.00 and set a "buy" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, ON currently has a consensus rating of "Moderate Buy" and an average target price of $60.00.

ON Trading Up 1.1 %

NYSE ONON traded up $0.49 during trading hours on Friday, hitting $43.51. 4,352,427 shares of the company's stock were exchanged, compared to its average volume of 4,651,155. The stock has a 50-day simple moving average of $47.73 and a 200 day simple moving average of $52.01. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 101.19, a PEG ratio of 1.02 and a beta of 2.32. On Holding AG has a 1-year low of $29.84 and a 1-year high of $64.05.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.