On Holding AG (NYSE:ONON) Shares Purchased by RB Capital Management LLC

RB Capital Management LLC lifted its stake in On Holding AG (NYSE:ONON) by 214.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,426 shares of the company’s stock after acquiring an additional 15,303 shares during the quarter. RB Capital Management LLC’s holdings in ON were worth $1,125,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Ameritas Advisory Services LLC lifted 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 acquiring an additional 300 shares during the last quarter. Capital Advisors Inc. OK lifted its holdings in ON by 5.1% during the 3rd quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock worth $310,000 after buying an additional 301 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in ON by 3.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock worth $404,000 after buying an additional 325 shares in the last quarter. Asset Dedication LLC lifted its holdings in ON by 25.8% during the 2nd quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock worth $62,000 after buying an additional 327 shares in the last quarter. Finally, Sage Capital Advisors llc lifted its holdings in ON by 0.3% during the 3rd quarter. Sage Capital Advisors llc now owns 99,859 shares of the company’s stock worth $5,008,000 after buying an additional 328 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ONON. Hsbc Global Res upgraded shares of ON to a “hold” rating in a report on Thursday, September 5th. Piper Sandler increased their price objective on shares of ON from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Raymond James raised shares of ON from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $58.00 to $63.00 in a research report on Thursday, November 21st. Stifel Nicolaus increased their price objective on shares of ON from $45.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Barclays increased their price objective on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Four 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 stock. According to MarketBeat.com, ON has a consensus rating of “Moderate Buy” and an average price target of $56.05.

ON Stock Performance

ONON stock opened at $55.02 on Tuesday. The stock has a market capitalization of $34.64 billion, a PE ratio of 127.96 and a beta of 2.30. On Holding AG has a one year low of $25.78 and a one year high of $60.12. The company has a fifty day moving average of $52.06 and a 200-day moving average of $45.83.

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.