Vista Capital Partners Inc. Boosts Stock Position in On Holding AG (NYSE:ONON)

Vista Capital Partners Inc. grew its holdings in On Holding AG (NYSE:ONON) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,430 shares of the company’s stock after buying an additional 430 shares during the quarter. Vista Capital Partners Inc.’s holdings in ON were worth $1,009,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ONON. Jennison Associates LLC increased its position in shares of ON by 27.4% during the fourth quarter. Jennison Associates LLC now owns 2,049,644 shares of the company’s stock worth $112,259,000 after purchasing an additional 440,685 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in ON by 34.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock worth $76,213,000 after buying an additional 349,789 shares during the last quarter. Cerity Partners LLC boosted its stake in ON by 189.9% during the third quarter. Cerity Partners LLC now owns 719,493 shares of the company’s stock worth $36,083,000 after buying an additional 471,323 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in ON by 338.3% during the third quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company’s stock worth $29,834,000 after buying an additional 459,157 shares during the last quarter. Finally, Wasatch Advisors LP boosted its stake in ON by 4.3% during the third quarter. Wasatch Advisors LP now owns 419,536 shares of the company’s stock worth $21,040,000 after buying an additional 17,362 shares during the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ONON. Robert W. Baird boosted their price objective on ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Stifel Nicolaus upped their price target on ON from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. BTIG Research raised ON from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $64.00 price target on shares of ON in a research note on Wednesday, January 15th. Finally, Morgan Stanley boosted their price objective on ON from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.73.

ON Price Performance

ONON opened at $53.53 on Wednesday. The business has a 50 day simple moving average of $56.83 and a 200-day simple moving average of $51.73. The stock has a market capitalization of $33.71 billion, a P/E ratio of 124.49, a P/E/G ratio of 1.04 and a beta of 2.30. On Holding AG has a 12 month low of $27.37 and a 12 month high of $64.05.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.