Robeco Schweiz AG Purchases 12,996 Shares of On Holding AG $ONON

Robeco Schweiz AG increased its position in shares of On Holding AG (NYSE:ONON) by 43.8% during the 3rd quarter, Holdings Channel reports. The firm owned 42,637 shares of the company’s stock after acquiring an additional 12,996 shares during the period. Robeco Schweiz AG’s holdings in ON were worth $1,806,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Washington Trust Advisors Inc. bought a new position in ON in the 2nd quarter worth $29,000. GAMMA Investing LLC lifted its position in shares of ON by 5,888.9% in the third quarter. GAMMA Investing LLC now owns 1,078 shares of the company’s stock valued at $46,000 after acquiring an additional 1,060 shares in the last quarter. Ramirez Asset Management Inc. boosted its stake in shares of ON by 20.0% in the second quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company’s stock worth $62,000 after acquiring an additional 200 shares during the period. WD Rutherford LLC purchased a new stake in shares of ON during the second quarter worth about $73,000. Finally, Resona Asset Management Co. Ltd. bought a new stake in ON during the 2nd quarter valued at approximately $83,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Price Performance

ONON stock opened at $45.05 on Thursday. On Holding AG has a 52 week low of $34.38 and a 52 week high of $64.05. The firm has a market capitalization of $28.29 billion, a P/E ratio of 58.50, a price-to-earnings-growth ratio of 1.42 and a beta of 2.15. The company has a fifty day simple moving average of $45.24 and a two-hundred day simple moving average of $45.64. The company has a quick ratio of 2.05, a current ratio of 2.55 and a debt-to-equity ratio of 0.28.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group upped their price target on ON from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Evercore ISI lowered their target price on shares of ON from $68.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. Piper Sandler restated an “overweight” rating on shares of ON in a research report on Friday, December 5th. BTIG Research reaffirmed a “buy” rating and set a $70.00 target price on shares of ON in a research note on Tuesday, November 4th. Finally, Barclays decreased their price target on shares of ON from $69.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.59.

ON Company 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.