Stephens Inc. AR Buys 550 Shares of On Holding AG (NYSE:ONON)

Stephens Inc. AR boosted its stake in shares of On Holding AG (NYSE:ONON) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,327 shares of the company’s stock after purchasing an additional 550 shares during the quarter. Stephens Inc. AR’s holdings in ON were worth $2,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings 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 buying an additional 440,685 shares during the period. Cerity Partners LLC lifted its position in 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 during the last quarter. Lord Abbett & CO. LLC boosted its holdings in ON by 338.3% during the third quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company’s stock valued at $29,834,000 after acquiring an additional 459,157 shares during the period. Wasatch Advisors LP grew its position in shares of ON by 4.3% in the third quarter. Wasatch Advisors LP now owns 419,536 shares of the company’s stock valued at $21,040,000 after purchasing an additional 17,362 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of ON by 23.4% in the third quarter. Raymond James & Associates now owns 256,725 shares of the company’s stock worth $12,875,000 after purchasing an additional 48,600 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ONON. BTIG Research upgraded ON from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Wednesday, November 13th. UBS Group restated a “buy” rating and issued a $63.00 price objective on shares of ON in a research note on Friday, December 27th. Stifel Nicolaus upped their target price on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup initiated coverage on shares of ON in a research report on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 price target on the stock. Finally, Barclays upped their price objective on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ON presently has a consensus rating of “Moderate Buy” and an average target price of $59.73.

ON Stock Down 2.9 %

Shares of ONON stock opened at $54.08 on Wednesday. The company has a market capitalization of $34.05 billion, a P/E ratio of 125.78, 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. The firm has a 50-day moving average price of $57.25 and a 200 day moving average price of $51.38.

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.