On Holding AG $ONON is Villere ST Denis J & Co. LLC’s 8th Largest Position

Villere ST Denis J & Co. LLC trimmed its position in shares of On Holding AG (NYSE:ONON) by 5.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 658,807 shares of the company’s stock after selling 34,972 shares during the quarter. ON comprises about 3.1% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 8th biggest position. Villere ST Denis J & Co. LLC’s holdings in ON were worth $30,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ONON. Ameriprise Financial Inc. raised its holdings in ON by 4,564.3% during the second quarter. Ameriprise Financial Inc. now owns 2,291,611 shares of the company’s stock valued at $119,752,000 after buying an additional 2,242,480 shares in the last quarter. Sands Capital Management LLC raised its holdings in ON by 46.7% during the third quarter. Sands Capital Management LLC now owns 6,769,430 shares of the company’s stock valued at $286,685,000 after buying an additional 2,155,083 shares in the last quarter. State Street Corp raised its holdings in ON by 765.4% during the second quarter. State Street Corp now owns 2,219,015 shares of the company’s stock valued at $115,500,000 after buying an additional 1,962,586 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in ON during the third quarter valued at about $43,868,000. Finally, Sei Investments Co. increased its stake in shares of ON by 202.9% in the second quarter. Sei Investments Co. now owns 1,509,049 shares of the company’s stock worth $78,546,000 after purchasing an additional 1,010,885 shares during the period. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

ON Stock Down 0.5%

NYSE ONON opened at $36.56 on Thursday. The company has a current ratio of 2.71, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $39.48 and its two-hundred day moving average is $42.51. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 50.78, a PEG ratio of 0.74 and a beta of 2.23. On Holding AG has a 1-year low of $31.41 and a 1-year high of $61.29.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ONON shares. UBS Group reiterated a “buy” rating on shares of ON in a research note on Thursday, February 19th. Weiss Ratings restated a “sell (d+)” rating on shares of ON in a research note on Tuesday. Sanford C. Bernstein restated an “outperform” rating on shares of ON in a research note on Wednesday, March 4th. Guggenheim lowered their price target on ON from $59.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Finally, Stifel Nicolaus set a $58.00 price target on ON in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.62.

Insiders Place Their Bets

In other ON news, CEO Martin Hoffmann sold 4,150 shares of ON stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $36.56, for a total transaction of $151,724.00. Following the sale, the chief executive officer directly owned 1,389,249 shares of the company’s stock, valued at approximately $50,790,943.44. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,600 shares of company stock worth $597,102 over the last 90 days. 68.57% of the stock is currently owned by insiders.

ON Profile

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.