22,724 Shares in On Holding AG (NYSE:ONON) Bought by Impax Asset Management Group plc

Impax Asset Management Group plc bought a new position in shares of On Holding AG (NYSE:ONON) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 22,724 shares of the company’s stock, valued at approximately $1,245,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ONON. Creative Planning boosted its stake in ON by 6.6% during the 3rd quarter. Creative Planning now owns 18,779 shares of the company’s stock worth $942,000 after purchasing an additional 1,160 shares during the last quarter. Blue Trust Inc. boosted its position in shares of ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after acquiring an additional 403 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of ON during the 3rd quarter valued at about $699,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of ON by 11.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,002 shares of the company’s stock valued at $903,000 after acquiring an additional 1,899 shares during the last quarter. Finally, Strategic Blueprint LLC acquired a new position in shares of ON during the 3rd quarter valued at about $294,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Stock Performance

ONON stock opened at $48.43 on Wednesday. The company’s 50 day moving average price is $56.02 and its 200 day moving average price is $52.24. On Holding AG has a fifty-two week low of $27.37 and a fifty-two week high of $64.05. The firm has a market capitalization of $30.49 billion, a price-to-earnings ratio of 112.62, a PEG ratio of 1.02 and a beta of 2.30.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ONON shares. The Goldman Sachs Group cut shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research report on Wednesday, February 12th. Raymond James raised shares of ON from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $58.00 to $63.00 in a research report on Thursday, November 21st. Robert W. Baird boosted their price target on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $67.00 target price on shares of ON in a research report on Tuesday. Finally, Williams Trading raised shares of ON from a “hold” rating to a “buy” rating and upped their target price for the company from $40.00 to $60.00 in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ON has an average rating of “Moderate Buy” and an average price target of $59.73.

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.