Whittier Trust Co. increased its position in On Holding AG (NYSE:ONON - Free Report) by 134.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 45,759 shares of the company's stock after purchasing an additional 26,265 shares during the period. Whittier Trust Co.'s holdings in ON were worth $2,009,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in ON in the 4th quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB purchased a new stake in ON in the 1st quarter worth approximately $32,000. Bernard Wealth Management Corp. purchased a new stake in ON in the 4th quarter worth approximately $44,000. MorganRosel Wealth Management LLC purchased a new stake in ON in the 1st quarter worth approximately $48,000. Finally, CWM LLC lifted its position in ON by 22.2% in the 1st quarter. CWM LLC now owns 1,259 shares of the company's stock worth $55,000 after buying an additional 229 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.
ON Stock Performance
NYSE ONON traded down $1.10 during midday trading on Friday, hitting $53.14. The company had a trading volume of 2,953,974 shares, compared to its average volume of 4,619,623. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19. The stock has a market cap of $33.46 billion, a price-to-earnings ratio of 75.91, a P/E/G ratio of 2.96 and a beta of 2.25. The firm has a fifty day simple moving average of $55.32 and a two-hundred day simple moving average of $51.84. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on ONON shares. UBS Group set a $75.00 target price on shares of ON in a research report on Wednesday, May 14th. Barclays set a $68.00 price target on shares of ON in a report on Wednesday, May 14th. Stifel Nicolaus raised their price target on shares of ON from $57.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Robert W. Baird raised their price target on shares of ON from $63.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Finally, Piper Sandler restated an "overweight" rating on shares of ON in a report on Tuesday, May 13th. 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. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $63.85.
Read Our Latest Research Report 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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