Villere ST Denis J & Co. LLC Sells 41,755 Shares of On Holding AG (NYSE:ONON)

Villere ST Denis J & Co. LLC lessened its holdings in shares of On Holding AG (NYSE:ONON) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 700,431 shares of the company’s stock after selling 41,755 shares during the period. ON accounts for approximately 3.5% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 6th biggest holding. Villere ST Denis J & Co. LLC owned approximately 0.11% of ON worth $38,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jennison Associates LLC raised its position in shares of ON by 27.4% during the 4th quarter. Jennison Associates LLC now owns 2,049,644 shares of the company’s stock worth $112,259,000 after acquiring an additional 440,685 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of ON by 34.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock worth $76,213,000 after acquiring an additional 349,789 shares in the last quarter. Cerity Partners LLC raised its position in shares of ON by 189.9% during the 3rd quarter. Cerity Partners LLC now owns 719,493 shares of the company’s stock worth $36,083,000 after acquiring an additional 471,323 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of ON by 338.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company’s stock worth $29,834,000 after acquiring an additional 459,157 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in shares of ON by 4.3% during the 3rd quarter. Wasatch Advisors LP now owns 419,536 shares of the company’s stock worth $21,040,000 after acquiring an additional 17,362 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Price Performance

ONON opened at $51.94 on Friday. The business has a 50 day simple moving average of $56.89 and a 200-day simple moving average of $51.49. The stock has a market capitalization of $32.70 billion, a P/E ratio of 120.79, a P/E/G ratio of 1.20 and a beta of 2.30. On Holding AG has a 12 month low of $27.37 and a 12 month high of $64.05.

Wall Street Analyst Weigh In

ONON has been the topic of a number of research reports. Citigroup initiated coverage on ON in a research note on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price target on the stock. Stifel Nicolaus raised their price target on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Barclays raised their price target on ON from $47.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Robert W. Baird raised their price target on ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, TD Cowen raised their price target on ON from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

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, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.