Cerity Partners LLC Purchases 471,323 Shares of On Holding AG (NYSE:ONON)

Cerity Partners LLC raised its position in On Holding AG (NYSE:ONON - Free Report) by 189.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 719,493 shares of the company's stock after purchasing an additional 471,323 shares during the period. Cerity Partners LLC owned 0.11% of ON worth $36,083,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ONON. Ameritas Advisory Services LLC boosted its stake in ON by 1.3% during the second quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company's stock worth $924,000 after acquiring an additional 300 shares in the last quarter. Capital Advisors Inc. OK boosted its holdings in ON by 5.1% in the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company's stock worth $310,000 after acquiring an additional 301 shares in the last quarter. Artemis Investment Management LLP grew its stake in ON by 1.9% in the second quarter. Artemis Investment Management LLP now owns 16,410 shares of the company's stock valued at $637,000 after acquiring an additional 302 shares during the period. Crossmark Global Holdings Inc. grew its position in ON by 3.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company's stock valued at $404,000 after purchasing an additional 325 shares during the period. Finally, Asset Dedication LLC raised its holdings in ON by 25.8% during the second quarter. Asset Dedication LLC now owns 1,592 shares of the company's stock worth $62,000 after buying an additional 327 shares during the last quarter. 33.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ONON. Telsey Advisory Group reiterated an "outperform" rating and set a $53.00 price target on shares of ON in a research note on Tuesday, November 12th. Truist Financial upped their price target on ON from $58.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. BTIG Research upgraded shares of ON from a "neutral" rating to a "buy" rating and set a $64.00 target price for the company in a research note on Wednesday, November 13th. UBS Group boosted their price target on shares of ON from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, Barclays increased their price target on ON from $47.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $56.05.

ON Trading Up 3.5 %

Shares of NYSE ONON traded up $1.94 during midday trading on Friday, hitting $58.13. 4,178,437 shares of the company's stock were exchanged, compared to its average volume of 4,264,877. The business's fifty day moving average price is $50.34 and its two-hundred day moving average price is $44.00. The company has a market cap of $36.60 billion, a price-to-earnings ratio of 135.19 and a beta of 2.25. On Holding AG has a 12-month low of $25.78 and a 12-month high of $58.51.

ON Company Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.