Bradley Foster & Sargent Inc. CT Has $340,000 Position in On Holding AG (NYSE:ONON)

Bradley Foster & Sargent Inc. CT lowered its stake in shares of On Holding AG (NYSE:ONON) by 4.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,216 shares of the company’s stock after selling 281 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in ON were worth $340,000 as of its most recent SEC filing.

Other institutional investors 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. boosted its stake 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 buying an additional 403 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake 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 buying an additional 400 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of ON during the 3rd quarter valued at $29,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of ON during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

ON Stock Performance

NYSE:ONON opened at $48.23 on Friday. The firm’s 50-day moving average is $56.37 and its 200-day moving average is $52.01. On Holding AG has a 52-week low of $27.37 and a 52-week high of $64.05. The company has a market cap of $30.37 billion, a price-to-earnings ratio of 112.16, a PEG ratio of 1.02 and a beta of 2.30.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ONON. Robert W. Baird lifted their price objective on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Morgan Stanley lifted their price objective on shares of ON from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. BTIG Research raised shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, November 13th. Bank of America began coverage on shares of ON in a research note on Tuesday, January 7th. They issued a “buy” rating and a $73.00 price objective for the company. Finally, Citigroup began coverage on shares of ON in a research note on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 price objective for the company. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, ON presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

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.