Forte Capital LLC ADV Sells 690 Shares of On Holding AG (NYSE:ONON)

Forte Capital LLC ADV trimmed its position in shares of On Holding AG (NYSE:ONON) by 4.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,110 shares of the company’s stock after selling 690 shares during the quarter. Forte Capital LLC ADV’s holdings in ON were worth $773,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted 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 lifted its position in shares of 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 purchasing an additional 349,789 shares in the last quarter. Cerity Partners LLC lifted its position in shares of 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 purchasing an additional 471,323 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of 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 purchasing an additional 459,157 shares in the last quarter. Finally, Wasatch Advisors LP lifted its position in shares of 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 purchasing an additional 17,362 shares in the last quarter. 36.39% of the stock is owned by institutional investors.

ON Stock Down 5.8 %

Shares of ONON stock opened at $48.23 on Friday. The firm has a fifty day moving average of $56.37 and a 200-day moving average of $51.91. On Holding AG has a 12-month low of $27.37 and a 12-month high of $64.05. The company has a market capitalization of $30.37 billion, a price-to-earnings ratio of 112.16, a P/E/G ratio of 1.04 and a beta of 2.30.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of ON from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus increased their price objective on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. UBS Group restated a “buy” rating and issued a $63.00 price objective on shares of ON in a report on Friday, December 27th. The Goldman Sachs Group lowered shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a report on Wednesday, February 12th. 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 report on Wednesday, November 13th. 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $59.73.

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.