Robeco Schweiz AG purchased a new stake in On Holding AG (NYSE:ONON - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 31,286 shares of the company's stock, valued at approximately $1,374,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ONON. Park Square Financial Group LLC bought a new position in shares of ON in the fourth quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB bought a new position in ON in the 1st quarter valued at about $32,000. Bernard Wealth Management Corp. bought a new position in ON in the 4th quarter valued at about $44,000. MorganRosel Wealth Management LLC bought a new stake in shares of ON during the 1st quarter valued at approximately $48,000. Finally, Parallel Advisors LLC grew its holdings in shares of ON by 53.4% during the 1st quarter. Parallel Advisors LLC now owns 1,292 shares of the company's stock valued at $57,000 after purchasing an additional 450 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.
ON Stock Performance
ON stock traded up $0.19 during mid-day trading on Tuesday, reaching $53.45. The company's stock had a trading volume of 4,118,062 shares, compared to its average volume of 5,111,120. On Holding AG has a twelve month low of $34.59 and a twelve month high of $64.05. The firm has a market cap of $33.65 billion, a price-to-earnings ratio of 76.36, a PEG ratio of 2.95 and a beta of 2.25. The company has a current ratio of 2.80, a quick ratio of 2.18 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $54.95 and a 200-day moving average price of $51.85.
Analyst Ratings Changes
ONON has been the topic of a number of research reports. Raymond James Financial reiterated a "strong-buy" rating on shares of ON in a research report on Wednesday, May 14th. Jefferies Financial Group began coverage on shares of ON in a research note on Tuesday, April 1st. They issued a "hold" rating and a $44.00 target price for the company. Stifel Nicolaus upped their target price on shares of ON from $57.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Barclays set a $68.00 price objective on shares of ON in a report on Wednesday, May 14th. Finally, Cowen reiterated a "buy" rating on shares of ON in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $63.85.
Check Out Our Latest Stock Analysis on ON
About ON
(
Free Report)
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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