Robeco Institutional Asset Management B.V. Makes New $41.21 Million Investment in On Holding AG $ONON

Key Points

• Robeco Institutional Asset Management B.V. has made a new investment worth approximately $41.21 million in On Holding AG, acquiring 791,700 shares during the second quarter.
• The stock of On Holding AG is currently down 0.6% and has a market capitalization of $26.52 billion, with a twelve-month price range between $34.59 and $64.05.
• Analysts have a consensus rating of "Moderate Buy" for ONON, with a price target averaging around $64.20.

Robeco Institutional Asset Management B.V. purchased a new stake in shares of On Holding AG (NYSE:ONON - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 791,700 shares of the company's stock, valued at approximately $41,208,000. Robeco Institutional Asset Management B.V. owned approximately 0.13% of ON at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ONON. Montag A & Associates Inc. acquired a new position in ON during the first quarter worth $26,000. TCTC Holdings LLC boosted its stake in shares of ON by 118.4% during the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company's stock worth $26,000 after acquiring an additional 315 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of ON by 3,392.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 943 shares of the company's stock valued at $42,000 after acquiring an additional 916 shares during the last quarter. Ramirez Asset Management Inc. acquired a new position in shares of ON during the 1st quarter valued at about $44,000. Finally, MorganRosel Wealth Management LLC bought a new position in shares of ON in the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds own 36.39% of the company's stock.

ON Stock Down 0.6%

NYSE ONON opened at $42.11 on Friday. On Holding AG has a twelve month low of $34.59 and a twelve month high of $64.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53. The stock has a market cap of $26.52 billion, a PE ratio of 93.58, a PEG ratio of 5.47 and a beta of 2.19. The firm has a 50-day simple moving average of $45.33 and a 200 day simple moving average of $48.83.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ONON. Morgan Stanley upped their target price on ON from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $62.00 price objective on shares of ON in a report on Tuesday, August 12th. Barclays raised their target price on shares of ON from $68.00 to $69.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Jefferies Financial Group set a $40.00 target price on shares of ON and gave the stock an "underperform" rating in a research report on Wednesday, August 13th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $65.00 price target on shares of ON in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $64.20.

ON Profile

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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