Federated Hermes Inc. lifted its position in On Holding AG (NYSE:ONON - Free Report) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,395,163 shares of the company's stock after buying an additional 116,759 shares during the period. Federated Hermes Inc. owned approximately 0.22% of ON worth $61,276,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of ONON. Kestra Private Wealth Services LLC raised its position in shares of ON by 151.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 18,878 shares of the company's stock valued at $829,000 after purchasing an additional 11,362 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of ON in the 4th quarter valued at approximately $39,119,000. APEIRON CAPITAL Ltd raised its position in shares of ON by 35.9% in the 1st quarter. APEIRON CAPITAL Ltd now owns 999,125 shares of the company's stock valued at $43,882,000 after purchasing an additional 264,000 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of ON by 9.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 6,282 shares of the company's stock valued at $276,000 after purchasing an additional 544 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of ON in the 4th quarter valued at approximately $28,575,000. Hedge funds and other institutional investors own 36.39% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. UBS Group set a $75.00 price objective on shares of ON in a research report on Wednesday, May 14th. Barclays set a $68.00 target price on ON in a report on Wednesday, May 14th. Needham & Company LLC raised their price target on shares of ON from $55.00 to $62.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Piper Sandler reissued an "overweight" rating on shares of ON in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus raised their price target on shares of ON from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.
Read Our Latest Report on ONON
ON Price Performance
Shares of ON stock traded down $1.06 on Wednesday, reaching $50.69. The company's stock had a trading volume of 5,531,019 shares, compared to its average volume of 4,545,541. The company has a market capitalization of $31.92 billion, a P/E ratio of 72.41, a PEG ratio of 2.91 and a beta of 2.25. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The stock has a 50-day moving average price of $54.46 and a 200-day moving average price of $51.60. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19.
ON 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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.
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