On Holding AG (NYSE:ONON) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its position in On Holding AG (NYSE:ONON) by 26.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,546 shares of the company’s stock after purchasing an additional 1,381 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in ON were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new stake in shares of ON in the third quarter valued at $26,000. Blue Trust Inc. grew its holdings in ON by 319.8% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after buying an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after acquiring an additional 400 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of ON during the 3rd quarter worth about $29,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of ON in the fourth quarter worth approximately $30,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ONON. Robert W. Baird upped their price target on shares of ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. KeyCorp increased their target price on ON from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on ON from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Citigroup began coverage on ON in a report on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 price objective on the stock. Finally, Stifel Nicolaus boosted their target price on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.73.

ON Stock Down 2.9 %

ONON stock opened at $54.08 on Wednesday. The company has a market capitalization of $34.05 billion, a PE ratio of 125.78, a P/E/G ratio of 1.20 and a beta of 2.30. The stock’s 50 day moving average is $57.25 and its two-hundred day moving average is $51.38. On Holding AG has a 52-week low of $27.37 and a 52-week high of $64.05.

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.