Unison Asset Management LLC Buys 20,608 Shares of On Holding AG $ONON

Unison Asset Management LLC lifted its stake in shares of On Holding AG (NYSE:ONON) by 132.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 36,136 shares of the company’s stock after acquiring an additional 20,608 shares during the period. ON makes up about 0.7% of Unison Asset Management LLC’s holdings, making the stock its 20th largest holding. Unison Asset Management LLC’s holdings in ON were worth $1,666,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. lifted its position in shares of ON by 639.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 540 shares of the company’s stock worth $25,000 after purchasing an additional 467 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of ON by 109.9% during the 4th quarter. TD Private Client Wealth LLC now owns 804 shares of the company’s stock worth $37,000 after purchasing an additional 421 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of ON by 88.9% during the 4th quarter. Bogart Wealth LLC now owns 850 shares of the company’s stock worth $40,000 after purchasing an additional 400 shares during the last quarter. United Financial Planning Group LLC acquired a new position in shares of ON during the 3rd quarter worth about $42,000. Finally, Horizon Investments LLC acquired a new position in shares of ON during the 3rd quarter worth about $44,000. Institutional investors own 36.39% of the company’s stock.

Insider Buying and Selling

In other news, CEO Martin Hoffmann sold 4,150 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $35.84, for a total value of $148,736.00. Following the sale, the chief executive officer directly owned 1,385,099 shares in the company, valued at approximately $49,641,948.16. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Michael Allemann acquired 60,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $36.63 per share, for a total transaction of $2,197,800.00. Following the completion of the purchase, the chief executive officer owned 2,841,108 shares in the company, valued at approximately $104,069,786.04. This trade represents a 2.16% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 180,000 shares of company stock valued at $6,594,000 and have sold 20,750 shares valued at $745,838. Company insiders own 68.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ONON shares. Raymond James Financial raised ON from an “outperform” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research report on Thursday, April 23rd. BTIG Research reissued a “buy” rating and set a $70.00 price objective on shares of ON in a research report on Tuesday, March 3rd. Stifel Nicolaus set a $58.00 price objective on ON in a research report on Tuesday, March 3rd. Barclays cut their price objective on ON from $57.00 to $46.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Finally, Needham & Company LLC cut their price objective on ON from $52.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, ON currently has a consensus rating of “Moderate Buy” and an average price target of $55.05.

ON Trading Up 1.2%

ON stock opened at $40.30 on Wednesday. The business has a 50 day moving average price of $36.04 and a two-hundred day moving average price of $41.85. The company has a quick ratio of 2.39, a current ratio of 2.98 and a debt-to-equity ratio of 0.26. The stock has a market cap of $25.72 billion, a price-to-earnings ratio of 43.33, a price-to-earnings-growth ratio of 0.80 and a beta of 2.09. On Holding AG has a 12 month low of $31.41 and a 12 month high of $61.29.

ON (NYSE:ONON) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.35 by $0.11. ON had a return on equity of 15.72% and a net margin of 7.92%.The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities analysts forecast that On Holding AG will post 1.39 EPS for the current year.

ON Profile

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.