US Bancorp DE increased its position in shares of On Holding AG (NYSE:ONON - Free Report) by 176.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,867 shares of the company's stock after buying an additional 31,218 shares during the quarter. US Bancorp DE's holdings in ON were worth $2,676,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new position in ON during the third quarter worth about $26,000. MidAtlantic Capital Management Inc. acquired a new position in shares of ON in the 3rd quarter worth approximately $29,000. Strategic Financial Concepts LLC purchased a new position in shares of ON during the 4th quarter worth approximately $30,000. Legacy Bridge LLC acquired a new stake in ON in the 4th quarter valued at approximately $43,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in ON in the fourth quarter valued at approximately $53,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
ONON has been the subject of several research analyst reports. Citigroup initiated coverage on ON in a research report on Wednesday, December 18th. They set a "neutral" rating and a $65.00 price target for the company. Barclays raised their target price on ON from $63.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Morgan Stanley boosted their price target on shares of ON from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. TD Cowen raised their price objective on shares of ON from $65.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $64.00 price objective on shares of ON in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, ON has a consensus rating of "Moderate Buy" and an average price target of $61.62.
Check Out Our Latest Stock Analysis on ON
ON Stock Down 5.3 %
ON stock traded down $2.48 during mid-day trading on Monday, hitting $44.18. The company had a trading volume of 5,502,170 shares, compared to its average volume of 4,548,561. The stock has a market cap of $27.82 billion, a price-to-earnings ratio of 102.75, a PEG ratio of 1.02 and a beta of 2.35. On Holding AG has a 1 year low of $27.37 and a 1 year high of $64.05. The business has a fifty day moving average of $54.90 and a 200 day moving average of $52.65.
ON Company Profile
(
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.
Recommended Stories
Before you consider ON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ON wasn't on the list.
While ON currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
