Guardian Partners Inc. Purchases Shares of 19,950 On Holding AG (NYSE:ONON)

Guardian Partners Inc. purchased a new stake in shares of On Holding AG (NYSE:ONON) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,950 shares of the company’s stock, valued at approximately $1,108,000.

A number of other institutional investors have also bought and sold shares of ONON. Jennison Associates LLC boosted 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 purchasing an additional 440,685 shares in the last quarter. Allspring Global Investments Holdings LLC boosted 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 purchasing an additional 349,789 shares in the last quarter. Cerity Partners LLC boosted 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 purchasing an additional 471,323 shares in the last quarter. Lord Abbett & CO. LLC boosted 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 purchasing an additional 459,157 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ON during the 4th quarter worth about $28,575,000. Institutional investors own 36.39% of the company’s stock.

ON Stock Up 1.4 %

Shares of ONON stock opened at $46.22 on Friday. The company has a 50 day moving average of $53.05 and a 200-day moving average of $52.61. On Holding AG has a 12-month low of $29.84 and a 12-month high of $64.05. The firm has a market cap of $29.10 billion, a P/E ratio of 107.49, a PEG ratio of 1.02 and a beta of 2.35.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ONON. Williams Trading increased their price objective on shares of ON from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley increased their price objective on shares of ON from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. TD Cowen raised their price target on shares of ON from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. KeyCorp reaffirmed an “overweight” rating and issued a $68.00 price target on shares of ON in a research report on Wednesday, March 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $67.00 price target on shares of ON in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $61.90.

ON Company Profile

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.