Bennett Selby Investments LP Acquires 4,790 Shares of On Holding AG $ONON

Bennett Selby Investments LP raised its holdings in On Holding AG (NYSE:ONON) by 18.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,847 shares of the company’s stock after purchasing an additional 4,790 shares during the quarter. Bennett Selby Investments LP’s holdings in ON were worth $1,606,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC raised its position in ON by 118.4% in the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 315 shares during the last quarter. Montag A & Associates Inc. bought a new position in ON in the 1st quarter valued at $26,000. MassMutual Private Wealth & Trust FSB bought a new position in ON in the 1st quarter valued at $32,000. Smartleaf Asset Management LLC raised its position in ON by 3,392.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 943 shares of the company’s stock valued at $42,000 after purchasing an additional 916 shares during the last quarter. Finally, Ramirez Asset Management Inc. bought a new position in ON in the 1st quarter valued at $44,000. Institutional investors own 36.39% of the company’s stock.

ON Stock Up 2.5%

Shares of ON stock opened at $43.55 on Tuesday. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. On Holding AG has a 12 month low of $34.59 and a 12 month high of $64.05. The business has a fifty day simple moving average of $46.03 and a 200 day simple moving average of $49.00. The stock has a market cap of $27.42 billion, a PE ratio of 96.78, a price-to-earnings-growth ratio of 5.48 and a beta of 2.23.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ONON shares. Jefferies Financial Group set a $40.00 price objective on ON and gave the company an “underperform” rating in a research report on Wednesday, August 13th. Barclays lifted their target price on ON from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Raymond James Financial cut ON from a “strong-buy” rating to an “outperform” rating and set a $66.00 target price for the company. in a research note on Tuesday, July 22nd. UBS Group lifted their target price on ON from $75.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley lifted their target price on ON from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.20.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.