Cerity Partners LLC Purchases 45,947 Shares of On Holding AG (NYSE:ONON)

Cerity Partners LLC lifted its position in On Holding AG (NYSE:ONON) by 6.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 765,440 shares of the company’s stock after buying an additional 45,947 shares during the period. Cerity Partners LLC’s holdings in ON were worth $41,842,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ONON. Strategic Financial Concepts LLC acquired a new position in ON in the fourth quarter valued at about $30,000. Legacy Bridge LLC bought a new position in shares of ON during the 4th quarter valued at about $43,000. Arcadia Investment Management Corp MI acquired a new position in shares of ON in the 4th quarter valued at approximately $53,000. VisionPoint Advisory Group LLC bought a new stake in ON during the 4th quarter worth approximately $65,000. Finally, Blue Trust Inc. raised its holdings in ON by 148.8% during the 4th quarter. Blue Trust Inc. now owns 1,316 shares of the company’s stock worth $66,000 after buying an additional 787 shares during the period. Institutional investors own 36.39% of the company’s stock.

ON Stock Up 3.5 %

Shares of NYSE ONON opened at $40.98 on Tuesday. The business’s 50 day moving average price is $49.98 and its two-hundred day moving average price is $52.37. The company has a market cap of $25.80 billion, a PE ratio of 95.30, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05.

Wall Street Analysts Forecast Growth

ONON has been the subject of several research analyst reports. Hsbc Global Res upgraded shares of ON from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. The Goldman Sachs Group lowered shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a research note on Wednesday, February 12th. Stifel Nicolaus lifted their price target on ON from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup began coverage on ON in a report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price objective for the company. Finally, Morgan Stanley boosted their target price on ON from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.45.

ON 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.