6,633 Shares in On Holding AG (NYSE:ONON) Acquired by Van ECK Associates Corp

Van ECK Associates Corp purchased a new position in shares of On Holding AG (NYSE:ONON) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,633 shares of the company’s stock, valued at approximately $257,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC raised its holdings in shares of ON by 1.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company’s stock worth $924,000 after purchasing an additional 300 shares during the period. Artemis Investment Management LLP lifted its position in ON by 1.9% during the second quarter. Artemis Investment Management LLP now owns 16,410 shares of the company’s stock valued at $637,000 after buying an additional 302 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in ON by 3.2% during the second quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock worth $404,000 after buying an additional 325 shares during the period. Janney Capital Management LLC increased its position in shares of ON by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 14,893 shares of the company’s stock worth $402,000 after acquiring an additional 443 shares in the last quarter. Finally, Spire Wealth Management raised 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 acquiring an additional 643 shares during the period. Institutional investors and hedge funds own 33.11% of the company’s stock.

ON Price Performance

ON stock opened at $44.36 on Tuesday. The company has a market cap of $27.93 billion, a PE ratio of 100.82, a P/E/G ratio of 1.23 and a beta of 2.24. On Holding AG has a 12 month low of $23.41 and a 12 month high of $48.08. The company has a fifty day moving average price of $40.96 and a two-hundred day moving average price of $37.66.

ON (NYSE:ONON) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The business had revenue of $627.66 million during the quarter, compared to analyst estimates of $634.43 million. ON had a net margin of 7.42% and a return on equity of 13.02%. Equities research analysts anticipate that On Holding AG will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on ONON. HSBC started coverage on ON in a report on Thursday, September 5th. They issued a “hold” rating and a $52.00 price target for the company. KeyCorp raised their target price on ON from $40.00 to $47.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Needham & Company LLC upped their price target on ON from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price objective on shares of ON from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Finally, Stifel Nicolaus upped their target price on shares of ON from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.16.

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.