Bokf Na Takes $4.72 Million Position in On Holding AG (NYSE:ONON)

Bokf Na acquired a new stake in On Holding AG (NYSE:ONON) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 134,029 shares of the company’s stock, valued at approximately $4,721,000.

Several other large investors have also modified their holdings of ONON. Asset Management One Co. Ltd. increased its position in shares of ON by 20.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,145 shares of the company’s stock valued at $60,000 after buying an additional 367 shares in the last quarter. Janney Capital Management LLC boosted its stake in ON by 3.1% in the 4th quarter. Janney Capital Management LLC now owns 14,893 shares of the company’s stock worth $402,000 after buying an additional 443 shares during the last quarter. Avitas Wealth Management LLC boosted its stake in ON by 2.7% in the 4th quarter. Avitas Wealth Management LLC now owns 22,943 shares of the company’s stock worth $619,000 after buying an additional 602 shares during the last quarter. Spire Wealth Management lifted its stake in shares of ON by 66.2% in the 4th quarter. Spire Wealth Management now owns 1,615 shares of the company’s stock valued at $45,000 after purchasing an additional 643 shares in the last quarter. Finally, Vista Capital Partners Inc. increased its stake in ON by 4.3% during the 1st quarter. Vista Capital Partners Inc. now owns 18,000 shares of the company’s stock worth $637,000 after buying an additional 750 shares during the period. 33.11% of the stock is owned by institutional investors and hedge funds.

ON Stock Down 1.4 %

Shares of ON stock traded down $0.57 during trading on Monday, reaching $39.65. The company’s stock had a trading volume of 521,616 shares, compared to its average volume of 5,150,972. The business’s 50-day moving average price is $39.89 and its 200-day moving average price is $34.65. The firm has a market cap of $24.97 billion, a PE ratio of 91.41, a P/E/G ratio of 1.18 and a beta of 2.23. On Holding AG has a 52 week low of $23.41 and a 52 week high of $44.30.

ON (NYSE:ONON) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.20. ON had a net margin of 6.46% and a return on equity of 11.13%. The business had revenue of $581.41 million during the quarter, compared to analysts’ expectations of $555.52 million. Equities analysts predict that On Holding AG will post 0.78 earnings per share for the current year.

Analyst Ratings Changes

ONON has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of ON from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Truist Financial reaffirmed a “buy” rating and issued a $46.00 price target on shares of ON in a report on Tuesday, June 18th. Morgan Stanley boosted their price target on shares of ON from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. KeyCorp boosted their price target on shares of ON from $40.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, William Blair assumed coverage on shares of ON in a research report on Tuesday, April 16th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, ON presently has an average rating of “Moderate Buy” and an average price target of $43.06.

About ON

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.