Fiera Capital Corp Has $42.80 Million Position in On Holding AG $ONON

Fiera Capital Corp grew its holdings in On Holding AG (NYSE:ONON) by 32.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 920,738 shares of the company’s stock after acquiring an additional 228,165 shares during the period. Fiera Capital Corp’s holdings in ON were worth $42,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ONON. FengHe Fund Management Pte. Ltd. bought a new stake in ON in the fourth quarter valued at about $142,425,000. Norges Bank acquired a new stake in ON during the fourth quarter valued at approximately $128,826,000. Ameriprise Financial Inc. grew its stake in shares of ON by 4,564.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,291,611 shares of the company’s stock valued at $119,752,000 after purchasing an additional 2,242,480 shares during the period. Sands Capital Management LLC raised its holdings in shares of ON by 46.7% in the 3rd quarter. Sands Capital Management LLC now owns 6,769,430 shares of the company’s stock worth $286,685,000 after buying an additional 2,155,083 shares in the last quarter. Finally, State Street Corp lifted its position in shares of ON by 765.4% during the 2nd quarter. State Street Corp now owns 2,219,015 shares of the company’s stock worth $115,500,000 after buying an additional 1,962,586 shares during the period. 36.39% of the stock is owned by institutional investors.

ON Stock Up 0.1%

Shares of NYSE:ONON opened at $37.11 on Tuesday. The company has a quick ratio of 2.39, a current ratio of 2.98 and a debt-to-equity ratio of 0.26. The firm has a market cap of $23.68 billion, a P/E ratio of 39.90, a P/E/G ratio of 0.72 and a beta of 2.10. On Holding AG has a 12 month low of $31.41 and a 12 month high of $58.08. The company’s 50-day moving average price is $36.16 and its two-hundred day moving average price is $41.82.

ON (NYSE:ONON) last announced its earnings results on Tuesday, May 12th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. ON had a net margin of 7.92% and a return on equity of 15.72%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business earned $0.21 earnings per share. ON’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, research analysts forecast that On Holding AG will post 1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

ONON has been the subject of several recent analyst reports. Guggenheim reiterated a “buy” rating and set a $51.00 price objective on shares of ON in a research note on Wednesday, May 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of ON in a research report on Wednesday, March 4th. Zacks Research lowered shares of ON from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. KeyCorp dropped their price objective on shares of ON from $58.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Finally, Barclays reduced their target price on ON from $57.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.05.

Insider Transactions at ON

In other news, insider Olivier Bernhard acquired 60,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $36.63 per share, for a total transaction of $2,197,800.00. Following the completion of the transaction, the insider directly owned 5,163,184 shares in the company, valued at $189,127,429.92. This trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Caspar Felix Coppetti acquired 60,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $36.64 per share, with a total value of $2,198,400.00. Following the completion of the acquisition, the chief executive officer directly owned 2,375,855 shares in the company, valued at approximately $87,051,327.20. The trade was a 2.59% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 180,000 shares of company stock valued at $6,594,000 and have sold 20,750 shares valued at $745,838.

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.