Whittier Trust Co. boosted its holdings in shares of On Holding AG (NYSE:ONON - Free Report) by 76.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,494 shares of the company's stock after acquiring an additional 8,439 shares during the quarter. Whittier Trust Co.'s holdings in ON were worth $1,068,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of ON during the 4th quarter worth $28,575,000. Cerity Partners LLC boosted its position in ON by 189.9% during the third quarter. Cerity Partners LLC now owns 719,493 shares of the company's stock worth $36,083,000 after purchasing an additional 471,323 shares during the period. Lord Abbett & CO. LLC raised its position in shares of ON by 338.3% in the third quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company's stock valued at $29,834,000 after purchasing an additional 459,157 shares during the period. Jennison Associates LLC lifted its stake in shares of ON by 27.4% in the fourth quarter. Jennison Associates LLC now owns 2,049,644 shares of the company's stock worth $112,259,000 after buying an additional 440,685 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of ON by 34.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company's stock worth $76,213,000 after buying an additional 349,789 shares during the period. 36.39% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on ONON. Bank of America assumed coverage on shares of ON in a research note on Tuesday, January 7th. They issued a "buy" rating and a $73.00 target price on the stock. HSBC upgraded ON from a "hold" rating to a "buy" rating and set a $58.00 price target on the stock in a report on Tuesday, March 11th. TD Cowen lifted their target price on shares of ON from $65.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Barclays lifted their price objective on shares of ON from $63.00 to $64.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, KeyCorp restated an "overweight" rating and set a $68.00 price target on shares of ON in a report on Wednesday, March 5th. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $61.90.
Get Our Latest Report on ON
ON Price Performance
NYSE ONON traded down $0.09 on Thursday, reaching $45.96. 3,124,408 shares of the company's stock traded hands, compared to its average volume of 4,328,091. On Holding AG has a 12 month low of $29.84 and a 12 month high of $64.05. The stock has a market cap of $28.94 billion, a PE ratio of 106.88, a P/E/G ratio of 1.02 and a beta of 2.35. The stock has a 50-day simple moving average of $52.78 and a 200 day simple moving average of $52.71.
ON Company Profile
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Free Report)
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.
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