On Holding AG $ONON Shares Acquired by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC increased its holdings in shares of On Holding AG (NYSE:ONON) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 693,779 shares of the company’s stock after acquiring an additional 16,345 shares during the quarter. ON makes up approximately 2.8% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 12th biggest holding. Villere ST Denis J & Co. LLC owned 0.11% of ON worth $29,382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ONON. Washington Trust Advisors Inc. acquired a new stake in shares of ON during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC increased its position in ON by 5,888.9% in the third quarter. GAMMA Investing LLC now owns 1,078 shares of the company’s stock worth $46,000 after buying an additional 1,060 shares during the period. Ramirez Asset Management Inc. lifted its stake in ON by 20.0% in the second quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company’s stock valued at $62,000 after buying an additional 200 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of ON during the second quarter valued at $83,000. Finally, Daiwa Securities Group Inc. grew its position in shares of ON by 91.7% during the second quarter. Daiwa Securities Group Inc. now owns 2,661 shares of the company’s stock worth $139,000 after acquiring an additional 1,273 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

ON Stock Up 1.5%

Shares of ONON stock opened at $45.92 on Tuesday. On Holding AG has a 1 year low of $34.38 and a 1 year high of $61.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.05 and a current ratio of 2.55. The business’s fifty day moving average is $46.73 and its 200-day moving average is $44.87. The stock has a market cap of $28.83 billion, a PE ratio of 59.63, a price-to-earnings-growth ratio of 1.36 and a beta of 2.15.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ONON. Guggenheim upgraded shares of ON to a “strong-buy” rating in a research report on Wednesday, December 10th. Citigroup cut ON from a “buy” rating to a “mixed” rating in a report on Tuesday, October 28th. Jefferies Financial Group reissued an “underperform” rating and issued a $31.00 price objective on shares of ON in a report on Wednesday, November 12th. Truist Financial lowered their target price on ON from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, UBS Group reiterated a “buy” rating on shares of ON in a research report on Monday, January 5th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.86.

About ON

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.