Financial Engines Advisors L.L.C. Grows Position in On Holding AG (NYSE:ONON)

Financial Engines Advisors L.L.C. boosted its position in shares of On Holding AG (NYSE:ONON) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,880 shares of the company’s stock after buying an additional 1,690 shares during the period. Financial Engines Advisors L.L.C.’s holdings in ON were worth $3,115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in shares of ON in the 3rd quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new position in ON in the fourth quarter valued at $30,000. Legacy Bridge LLC purchased a new stake in shares of ON in the fourth quarter valued at about $43,000. Arcadia Investment Management Corp MI acquired a new stake in shares of ON during the fourth quarter worth about $53,000. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of ON during the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on ONON shares. The Goldman Sachs Group downgraded ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research note on Wednesday, February 12th. Stifel Nicolaus increased their price target on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. UBS Group boosted their price objective on shares of ON from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. TD Cowen raised their target price on shares of ON from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Bank of America assumed coverage on shares of ON in a research note on Tuesday, January 7th. They set a “buy” rating and a $73.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $61.90.

ON Trading Down 4.0 %

Shares of NYSE ONON opened at $46.04 on Thursday. The company’s 50-day moving average price is $52.78 and its 200 day moving average price is $52.71. On Holding AG has a 52 week low of $29.84 and a 52 week high of $64.05. The stock has a market cap of $28.99 billion, a price-to-earnings ratio of 107.06, a PEG ratio of 1.02 and a beta of 2.35.

ON Profile

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.