Robeco Institutional Asset Management B.V. Has $60.60 Million Position in On Holding AG $ONON

Robeco Institutional Asset Management B.V. grew its holdings in shares of On Holding AG (NYSE:ONON) by 80.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,430,850 shares of the company’s stock after purchasing an additional 639,150 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in ON were worth $60,596,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ONON. Ramirez Asset Management Inc. increased its position in shares of ON by 20.0% during the 2nd quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of ON by 1.0% during the 2nd quarter. Asset Management One Co. Ltd. now owns 24,939 shares of the company’s stock worth $1,298,000 after acquiring an additional 243 shares during the period. Lido Advisors LLC boosted its stake in shares of ON by 1.2% during the 2nd quarter. Lido Advisors LLC now owns 23,754 shares of the company’s stock worth $1,236,000 after acquiring an additional 285 shares during the period. Sterling Investment Counsel LLC increased its holdings in shares of ON by 5.5% during the 2nd quarter. Sterling Investment Counsel LLC now owns 5,750 shares of the company’s stock worth $299,000 after acquiring an additional 300 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in ON by 11.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,859 shares of the company’s stock valued at $201,000 after acquiring an additional 405 shares during the period. 36.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. TD Cowen lifted their price objective on shares of ON from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Citigroup lowered shares of ON from a “buy” rating to a “mixed” rating in a research note on Tuesday, October 28th. Singular Research upgraded shares of ON to a “strong-buy” rating in a research report on Monday, November 17th. UBS Group restated a “buy” rating on shares of ON in a report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ON in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, ON currently has an average rating of “Moderate Buy” and an average target price of $61.27.

ON Stock Performance

Shares of NYSE:ONON opened at $49.03 on Wednesday. On Holding AG has a 12-month low of $34.38 and a 12-month high of $64.05. The company’s 50 day moving average price is $43.90 and its two-hundred day moving average price is $45.76. The firm has a market cap of $30.79 billion, a PE ratio of 63.67, a PEG ratio of 1.47 and a beta of 2.15. The company has a quick ratio of 2.05, a current ratio of 2.55 and a debt-to-equity ratio of 0.28.

About ON

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.