Robeco Schweiz AG Purchases New Stake in On Holding AG (NYSE:ONON)

Robeco Schweiz AG purchased a new stake in On Holding AG (NYSE:ONON - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,286 shares of the company's stock, valued at approximately $1,374,000.

Several other hedge funds have also recently bought and sold shares of the business. Assetmark Inc. grew its position in ON by 68.6% in the fourth quarter. Assetmark Inc. now owns 5,395 shares of the company's stock valued at $295,000 after acquiring an additional 2,195 shares in the last quarter. Atria Investments Inc grew its position 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 acquiring an additional 341 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in ON in the fourth quarter valued at approximately $28,575,000. PNC Financial Services Group Inc. grew its position in ON by 14.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,220 shares of the company's stock valued at $450,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in ON by 472.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,800 shares of the company's stock valued at $2,508,000 after acquiring an additional 37,804 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

ON Stock Performance

ONON stock opened at $52.47 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.18 and a current ratio of 2.80. The stock has a market capitalization of $33.04 billion, a price-to-earnings ratio of 74.96, a PEG ratio of 3.00 and a beta of 2.25. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05. The stock's fifty day moving average is $54.95 and its two-hundred day moving average is $51.91.

Analyst Upgrades and Downgrades

ONON has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of ON in a research report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price target for the company. 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. Truist Financial raised their price target on shares of ON from $61.00 to $69.00 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, Morgan Stanley decreased their price target on shares of ON from $66.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, ON currently has a consensus rating of "Buy" and an average target price of $63.85.

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.

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