Robeco Institutional Asset Management B.V. Boosts Stake in On Holding AG $ONON

Key Points

• Robeco Institutional Asset Management B.V. boosted its stake in On Holding AG by 40% in Q4 to 2,003,000 shares, worth about $93.1 million and roughly 0.32% of the company.
• CEO Martin Hoffmann sold 4,150 shares on April 6 under a pre‑arranged Rule 10b5‑1 plan at an average price of $33.58, reducing his holding by 0.30% to 1,397,549 shares.
• Wall Street consensus is a Moderate Buy with an average price target of $58.62, while ONON trades around $33.56 (12‑month range $31.41–$61.29).

Robeco Institutional Asset Management B.V. increased its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 40.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,003,000 shares of the company's stock after purchasing an additional 572,150 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.32% of ON worth $93,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Parsons Capital Management Inc. RI boosted its position in shares of ON by 4.3% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 7,238 shares of the company's stock worth $307,000 after purchasing an additional 300 shares during the period. Azzad Asset Management Inc. ADV boosted its position in shares of ON by 0.3% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 110,637 shares of the company's stock worth $5,142,000 after purchasing an additional 318 shares during the period. Sterling Investment Counsel LLC boosted its position in ON by 6.5% in the 3rd quarter. Sterling Investment Counsel LLC now owns 6,125 shares of the company's stock valued at $259,000 after buying an additional 375 shares during the period. Jones Financial Companies Lllp boosted its position in ON by 1.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 21,960 shares of the company's stock valued at $933,000 after buying an additional 417 shares during the period. Finally, Cambria Investment Management L.P. boosted its position in ON by 1.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 36,052 shares of the company's stock valued at $1,527,000 after buying an additional 534 shares during the period. Hedge funds and other institutional investors own 36.39% of the company's stock.

Insider Buying and Selling at ON

In other news, CEO Martin Hoffmann sold 4,150 shares of the firm's stock in a transaction on Monday, April 6th. The shares were sold at an average price of $33.58, for a total value of $139,357.00. Following the sale, the chief executive officer directly owned 1,397,549 shares in the company, valued at approximately $46,929,695.42. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several equities analysts have commented on ONON shares. Zacks Research cut shares of ON from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. Truist Financial decreased their price target on shares of ON from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Stifel Nicolaus set a $58.00 price target on shares of ON in a research report on Tuesday, March 3rd. Williams Trading cut shares of ON from a "buy" rating to a "hold" rating and decreased their price target for the company from $55.00 to $47.00 in a research report on Thursday, January 8th. Finally, UBS Group reissued a "buy" rating on shares of ON in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.62.

ON Price Performance

Shares of ONON opened at $33.56 on Monday. On Holding AG has a twelve month low of $31.41 and a twelve month high of $61.29. The firm's fifty day simple moving average is $40.82 and its 200-day simple moving average is $42.87. The firm has a market capitalization of $21.41 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 0.67 and a beta of 2.23. The company has a current ratio of 2.71, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

ON Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.

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