Impax Asset Management Group plc Acquires Shares of 22,724 On Holding AG (NYSE:ONON)

Impax Asset Management Group plc acquired a new stake in shares of On Holding AG (NYSE:ONON) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,724 shares of the company’s stock, valued at approximately $1,245,000.

A number of other hedge funds have also bought and sold shares of ONON. Private Trust Co. NA bought a new position in shares of ON in the third quarter worth about $26,000. Blue Trust Inc. grew its holdings in shares of ON by 319.8% in the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after purchasing an additional 403 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of ON in the third quarter worth about $29,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of ON in the fourth quarter worth about $30,000. Institutional investors own 36.39% of the company’s stock.

ON Trading Down 0.7 %

Shares of NYSE:ONON opened at $48.43 on Wednesday. The company has a market cap of $30.49 billion, a PE ratio of 112.62, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. On Holding AG has a twelve month low of $27.37 and a twelve month high of $64.05. The company’s 50 day moving average is $56.02 and its 200 day moving average is $52.24.

Analysts Set New Price Targets

ONON has been the subject of several analyst reports. Williams Trading raised shares of ON from a “hold” rating to a “buy” rating and increased their price target for the company from $40.00 to $60.00 in a research report on Wednesday, November 13th. Bank of America initiated coverage on shares of ON in a research report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price target for the company. Morgan Stanley increased their price target on shares of ON from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Robert W. Baird increased their price target on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, UBS Group reissued a “buy” rating and set a $63.00 price target on shares of ON in a research report on Friday, December 27th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.