B.A. Schrock Wealth Management Inc. Buys New Shares in On Holding AG $ONON

B.A. Schrock Wealth Management Inc. purchased a new stake in On Holding AG (NYSE:ONON) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 132,140 shares of the company’s stock, valued at approximately $3,991,000. ON comprises about 1.3% of B.A. Schrock Wealth Management Inc.’s portfolio, making the stock its 24th largest holding.

A number of other large investors also recently made changes to their positions in ONON. Platinum Paramount Investment LTD. purchased a new position in shares of ON during the 4th quarter worth $525,784,000. SG Americas Securities LLC grew its position in shares of ON by 489.8% in the first quarter. SG Americas Securities LLC now owns 880,329 shares of the company’s stock valued at $29,949,000 after purchasing an additional 731,067 shares during the period. Bamco Inc. NY increased its stake in ON by 13.9% in the fourth quarter. Bamco Inc. NY now owns 5,405,486 shares of the company’s stock valued at $251,247,000 after purchasing an additional 658,933 shares during the last quarter. APEIRON CAPITAL Ltd increased its stake in ON by 25.2% in the first quarter. APEIRON CAPITAL Ltd now owns 996,052 shares of the company’s stock valued at $33,886,000 after purchasing an additional 200,200 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in ON in the first quarter valued at $5,694,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Insider Activity at ON

In other ON news, CEO Caspar Coppetti bought 65,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $30.67 per share, with a total value of $1,993,550.00. Following the purchase, the chief executive officer owned 2,440,855 shares in the company, valued at approximately $74,861,022.85. The trade was a 2.74% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Olivier Bernhard bought 65,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $30.67 per share, for a total transaction of $1,993,550.00. Following the purchase, the insider owned 5,228,184 shares in the company, valued at approximately $160,348,403.28. This trade represents a 1.26% increase in their position. The SEC filing for this purchase provides additional information. 68.57% of the stock is owned by insiders.

ON Stock Down 0.1%

Shares of NYSE:ONON opened at $35.45 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.25 and a current ratio of 2.83. On Holding AG has a 1 year low of $26.36 and a 1 year high of $51.08. The stock has a market capitalization of $22.62 billion, a P/E ratio of 24.14, a PEG ratio of 0.70 and a beta of 2.08. The stock has a 50-day simple moving average of $30.44 and a 200-day simple moving average of $34.47.

ON (NYSE:ONON) last posted its earnings results on Tuesday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). ON had a return on equity of 22.92% and a net margin of 12.09%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company posted ($0.09) EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities analysts forecast that On Holding AG will post 1.51 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ONON. Truist Financial reduced their target price on ON from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Williams Trading set a $32.00 price target on ON in a report on Tuesday, August 11th. Citigroup restated a “buy” rating on shares of ON in a report on Wednesday, September 23rd. Weiss Ratings raised shares of ON from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Barclays increased their price objective on shares of ON from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.17.

ON Company Profile

On Holding AG, trading on the New York Stock Exchange under the symbol ONON, is a Swiss sportswear company focused on performance footwear, apparel and accessories. The company serves athletes and active consumers with products designed for running, training, outdoor activities and everyday wear.

On is best known for its running shoes, which incorporate the company’s CloudTec cushioning technology and distinctive sole designs. Its product portfolio also includes athletic clothing, apparel and accessories, with offerings positioned across both performance and lifestyle categories.