Impax Asset Management Group plc Has $1.62 Million Position in On Holding AG (NYSE:ONON)

Impax Asset Management Group plc raised its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 62.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,942 shares of the company's stock after acquiring an additional 14,218 shares during the period. Impax Asset Management Group plc's holdings in ON were worth $1,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keystone Investors PTE Ltd. raised its stake in shares of ON by 0.8% during the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock worth $1,639,000 after buying an additional 228 shares in the last quarter. Sage Capital Advisors llc increased its stake in ON by 0.3% in the 1st quarter. Sage Capital Advisors llc now owns 100,329 shares of the company's stock valued at $4,406,000 after purchasing an additional 269 shares in the last quarter. CreativeOne Wealth LLC increased its stake in ON by 2.4% in the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock valued at $743,000 after purchasing an additional 323 shares in the last quarter. Atria Investments Inc increased its stake in ON by 6.6% in the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company's stock valued at $302,000 after purchasing an additional 341 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in ON by 2.9% in the 1st quarter. Merit Financial Group LLC now owns 12,275 shares of the company's stock valued at $539,000 after purchasing an additional 348 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ONON shares. Truist Financial raised their price objective on ON from $61.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Cowen reaffirmed a "buy" rating on shares of ON in a research note on Wednesday, May 14th. HSBC raised ON from a "hold" rating to a "buy" rating and set a $58.00 price objective for the company in a research note on Tuesday, March 11th. UBS Group set a $75.00 price objective on ON in a research note on Wednesday, May 14th. Finally, Hsbc Global Res upgraded ON from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $63.85.

ON Stock Down 3.8%

NYSE ONON traded down $2.07 during trading hours on Tuesday, reaching $52.29. 2,698,987 shares of the company's stock were exchanged, compared to its average volume of 5,154,069. The company has a market capitalization of $32.92 billion, a price-to-earnings ratio of 74.70, a price-to-earnings-growth ratio of 3.07 and a beta of 2.25. On Holding AG has a one year low of $34.59 and a one year high of $64.05. The company's 50-day moving average is $54.55 and its two-hundred day moving average is $51.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.18 and a current ratio of 2.80.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.