New York State Common Retirement Fund Boosts Holdings in On Holding AG (NYSE:ONON)

New York State Common Retirement Fund lifted its holdings in shares of On Holding AG (NYSE:ONON) by 102.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 221,820 shares of the company’s stock after buying an additional 112,078 shares during the quarter. New York State Common Retirement Fund’s holdings in ON were worth $12,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Wealth Solutions Inc. boosted its position in ON by 154.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 15,239 shares of the company’s stock valued at $835,000 after buying an additional 9,259 shares during the period. Pittenger & Anderson Inc. boosted its holdings in ON by 37.7% during the 4th quarter. Pittenger & Anderson Inc. now owns 14,500 shares of the company’s stock valued at $794,000 after acquiring an additional 3,970 shares during the period. Principal Financial Group Inc. lifted its position in ON by 28.1% in the fourth quarter. Principal Financial Group Inc. now owns 130,381 shares of the company’s stock valued at $7,141,000 after purchasing an additional 28,597 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in ON by 3.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 10,708 shares of the company’s stock valued at $586,000 after buying an additional 373 shares during the period. Finally, Allworth Financial LP grew its stake in shares of ON by 1,446.0% in the fourth quarter. Allworth Financial LP now owns 1,546 shares of the company’s stock worth $91,000 after purchasing an additional 1,446 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial upped their target price on ON from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. TD Cowen upped their price objective on shares of ON from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Robert W. Baird lifted their target price on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and issued a $64.00 price target on shares of ON in a research note on Wednesday, January 15th. Finally, BTIG Research raised ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.73.

ON Stock Up 0.5 %

Shares of NYSE:ONON opened at $48.70 on Tuesday. The stock has a market capitalization of $30.67 billion, a PE ratio of 113.26, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. The firm’s 50 day moving average price is $56.18 and its 200-day moving average price is $52.18. On Holding AG has a twelve month low of $27.37 and a twelve month high of $64.05.

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.