Public Employees Retirement System of Ohio Invests $9.09 Million in On Holding AG (NYSE:ONON)

Public Employees Retirement System of Ohio bought a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 166,017 shares of the company's stock, valued at approximately $9,093,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ONON. Capital Advisors Inc. OK lifted its stake in shares of ON by 3.2% during the fourth quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company's stock worth $350,000 after purchasing an additional 200 shares in the last quarter. Keystone Investors PTE Ltd. boosted its position in ON by 0.8% in the 4th quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock valued at $1,639,000 after buying an additional 228 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of ON by 2.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock valued at $516,000 after acquiring an additional 259 shares in the last quarter. CreativeOne Wealth LLC increased its position in shares of ON by 2.4% during the fourth quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock worth $743,000 after acquiring an additional 323 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in ON by 6.6% in the fourth quarter. Atria Investments Inc now owns 5,515 shares of the company's stock valued at $302,000 after purchasing an additional 341 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ONON shares. Cowen restated a "buy" rating on shares of ON in a report on Wednesday, May 14th. The Goldman Sachs Group lowered shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 price target for the company. in a research note on Wednesday, February 12th. Piper Sandler reiterated an "overweight" rating on shares of ON in a research note on Tuesday, May 13th. UBS Group set a $75.00 price objective on shares of ON in a report on Wednesday, May 14th. Finally, Robert W. Baird upped their target price on shares of ON from $63.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, ON has an average rating of "Buy" and an average price target of $62.45.

ON Price Performance

Shares of ONON stock traded up $0.59 during trading hours on Friday, reaching $59.43. The stock had a trading volume of 3,404,469 shares, compared to its average volume of 4,600,358. The firm has a market capitalization of $37.42 billion, a PE ratio of 138.21, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. The firm has a 50-day simple moving average of $48.64 and a 200-day simple moving average of $52.39. On Holding AG has a twelve month low of $34.59 and a twelve month high of $64.05.

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.