On Holding AG $ONON Shares Purchased by Unison Asset Management LLC

Unison Asset Management LLC increased its position in shares of On Holding AG (NYSE:ONON) by 132.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,136 shares of the company’s stock after acquiring an additional 20,608 shares during the quarter. ON makes up about 0.7% of Unison Asset Management LLC’s portfolio, making the stock its 20th biggest holding. Unison Asset Management LLC’s holdings in ON were worth $1,666,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Azzad Asset Management Inc. ADV grew its holdings in shares of ON by 0.3% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 110,637 shares of the company’s stock valued at $5,142,000 after buying an additional 318 shares in the last quarter. Americana Partners LLC grew its holdings in shares of ON by 4.6% during the fourth quarter. Americana Partners LLC now owns 7,496 shares of the company’s stock valued at $348,000 after buying an additional 331 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of ON by 88.9% during the fourth quarter. Bogart Wealth LLC now owns 850 shares of the company’s stock valued at $40,000 after buying an additional 400 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of ON by 1.9% during the third quarter. Jones Financial Companies Lllp now owns 21,960 shares of the company’s stock valued at $933,000 after buying an additional 417 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of ON by 109.9% during the fourth quarter. TD Private Client Wealth LLC now owns 804 shares of the company’s stock valued at $37,000 after buying an additional 421 shares in the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded ON from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Evercore set a $42.00 price target on ON in a report on Tuesday, May 12th. Zacks Research downgraded ON from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. UBS Group reiterated a “buy” rating on shares of ON in a report on Thursday, February 19th. Finally, BTIG Research reiterated a “buy” rating and set a $70.00 price target on shares of ON in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.05.

Insider Transactions at ON

In other news, insider Olivier Bernhard bought 60,000 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $36.63 per share, for a total transaction of $2,197,800.00. Following the completion of the purchase, the insider directly owned 5,163,184 shares of the company’s stock, valued at $189,127,429.92. This trade represents a 1.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Martin Hoffmann sold 4,150 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $35.84, for a total value of $148,736.00. Following the sale, the chief executive officer owned 1,385,099 shares of the company’s stock, valued at approximately $49,641,948.16. This trade represents a 0.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have bought 180,000 shares of company stock worth $6,594,000 and have sold 20,750 shares worth $745,838. 68.57% of the stock is currently owned by corporate insiders.

ON Stock Performance

Shares of NYSE ONON opened at $40.30 on Wednesday. The business’s 50-day moving average price is $36.04 and its two-hundred day moving average price is $41.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.98 and a quick ratio of 2.39. On Holding AG has a one year low of $31.41 and a one year high of $61.29. The company has a market capitalization of $25.72 billion, a P/E ratio of 43.33, a price-to-earnings-growth ratio of 0.80 and a beta of 2.09.

ON (NYSE:ONON) last issued its earnings results on Tuesday, May 12th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. ON had a return on equity of 15.72% and a net margin of 7.92%.The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. Analysts anticipate that On Holding AG will post 1.39 earnings per share for the current fiscal year.

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.