Northwest & Ethical Investments L.P. Has $2.64 Million Position in On Holding AG $ONON

Northwest & Ethical Investments L.P. grew its position in On Holding AG (NYSE:ONON) by 57.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,730 shares of the company’s stock after acquiring an additional 18,444 shares during the period. Northwest & Ethical Investments L.P.’s holdings in ON were worth $2,644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. TCTC Holdings LLC lifted its stake 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. Washington Trust Advisors Inc. bought a new stake in ON in the second quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its position in shares of ON by 3,392.6% in the first quarter. Smartleaf Asset Management LLC now owns 943 shares of the company’s stock valued at $42,000 after buying an additional 916 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in shares of ON during the 1st quarter worth approximately $44,000. Finally, CWM LLC increased its holdings in shares of ON by 22.2% during the 1st quarter. CWM LLC now owns 1,259 shares of the company’s stock worth $55,000 after acquiring an additional 229 shares during the last quarter. 36.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on ONON shares. Barclays cut their price target on ON from $69.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Piper Sandler raised their target price on shares of ON from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday. TD Cowen lifted their target price on shares of ON from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Zacks Research upgraded shares of ON from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Evercore ISI cut their price objective on shares of ON from $68.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, ON presently has an average rating of “Moderate Buy” and a consensus price target of $61.38.

ON Trading Up 3.5%

ONON stock opened at $43.22 on Thursday. On Holding AG has a 52 week low of $34.38 and a 52 week high of $64.05. The company has a market capitalization of $27.14 billion, a PE ratio of 56.13, a price-to-earnings-growth ratio of 2.44 and a beta of 2.18. The company’s 50-day simple moving average is $41.38 and its 200 day simple moving average is $47.81. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.05 and a current ratio of 2.55.

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.