Wasatch Advisors LP Has $21.04 Million Holdings in On Holding AG (NYSE:ONON)

Wasatch Advisors LP lifted its holdings in On Holding AG (NYSE:ONON) by 4.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 419,536 shares of the company’s stock after acquiring an additional 17,362 shares during the period. Wasatch Advisors LP owned approximately 0.07% of ON worth $21,040,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ONON. Private Trust Co. NA acquired a new position in shares of ON in the third quarter valued at about $26,000. Blue Trust Inc. lifted its position in ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after purchasing an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in ON by 210.5% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in ON during the third quarter worth about $29,000. Finally, Quarry LP bought a new stake in ON during the second quarter worth about $32,000. 33.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of ON from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. KeyCorp upped their price objective on shares of ON from $47.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Williams Trading raised shares of ON from a “hold” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $60.00 in a research report on Wednesday, November 13th. Raymond James raised shares of ON from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $58.00 to $63.00 in a research report on Thursday, November 21st. Finally, HSBC initiated coverage on shares of ON in a report on Thursday, September 5th. They issued a “hold” rating and a $52.00 target price for the company. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.05.

ON Price Performance

ON stock opened at $58.33 on Friday. The business has a 50 day moving average of $51.16 and a 200-day moving average of $44.91. On Holding AG has a 1 year low of $25.78 and a 1 year high of $59.19. The company has a market capitalization of $36.73 billion, a P/E ratio of 135.65 and a beta of 2.25.

ON Company Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.