On Holding AG (NYSE:ONON) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of On Holding AG (NYSE:ONON) by 77.4% in the third quarter, HoldingsChannel reports. The firm owned 20,270 shares of the company’s stock after selling 69,430 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ON were worth $1,017,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Ameritas Advisory Services LLC boosted its stake in shares of ON by 1.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company’s stock worth $924,000 after purchasing an additional 300 shares during the last quarter. Capital Advisors Inc. OK boosted its position in ON by 5.1% during the third quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company’s stock worth $310,000 after acquiring an additional 301 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in ON by 3.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company’s stock worth $404,000 after acquiring an additional 325 shares during the period. Asset Dedication LLC raised its holdings in ON by 25.8% in the 2nd quarter. Asset Dedication LLC now owns 1,592 shares of the company’s stock valued at $62,000 after acquiring an additional 327 shares during the last quarter. Finally, Sage Capital Advisors llc lifted its stake in shares of 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 purchasing an additional 328 shares during the period. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. TD Cowen lifted their price objective on ON from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial lifted their price target on ON from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $53.00 price objective on shares of ON in a report on Tuesday, November 12th. Stifel Nicolaus boosted their target price on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, UBS Group upped their price target on shares of ON from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.77.

ON Price Performance

Shares of NYSE ONON opened at $54.76 on Thursday. On Holding AG has a 1-year low of $25.78 and a 1-year high of $60.12. The company has a market capitalization of $34.48 billion, a price-to-earnings ratio of 127.35 and a beta of 2.30. The business has a 50-day moving average of $52.87 and a 200-day moving average of $46.48.

ON Company Profile

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.