On Holding AG (NYSE:ONON) Stock Holdings Boosted by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. grew its stake in shares of On Holding AG (NYSE:ONON) by 5.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 54,720 shares of the company’s stock after buying an additional 2,800 shares during the quarter. Triasima Portfolio Management inc.’s holdings in ON were worth $2,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Trust Co. NA acquired a new stake in shares of ON during the 3rd quarter valued at $26,000. Blue Trust Inc. lifted its position in shares of ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after acquiring an additional 403 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of ON during the 3rd quarter valued at $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of ON by 210.5% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after acquiring an additional 400 shares during the last quarter. Finally, Legacy Bridge LLC acquired a new stake in shares of ON during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ONON shares. UBS Group restated a “buy” rating and issued a $63.00 target price on shares of ON in a report on Friday, December 27th. The Goldman Sachs Group increased their price objective on ON from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Truist Financial increased 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. Williams Trading raised shares of ON from a “hold” rating to a “buy” rating and increased their target price for the stock from $40.00 to $60.00 in a research report on Wednesday, November 13th. Finally, Robert W. Baird increased their target price on shares of ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.73.

ON Stock Performance

ONON opened at $59.73 on Friday. The company has a fifty day moving average price of $57.42 and a two-hundred day moving average price of $50.83. On Holding AG has a 52 week low of $27.37 and a 52 week high of $64.05. The firm has a market capitalization of $37.61 billion, a PE ratio of 138.91, a P/E/G ratio of 1.21 and a beta of 2.30.

ON Company 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.