Handelsbanken Fonder AB Takes $210,000 Position in Mister Car Wash, Inc. (NYSE:MCW)

Handelsbanken Fonder AB acquired a new position in Mister Car Wash, Inc. (NYSE:MCW) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 24,300 shares of the company’s stock, valued at approximately $210,000.

Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mister Car Wash by 33.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,405 shares of the company’s stock worth $194,000 after acquiring an additional 5,610 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Mister Car Wash during the 4th quarter valued at about $394,000. ORG Partners LLC bought a new position in shares of Mister Car Wash in the 4th quarter valued at about $43,000. Vanguard Group Inc. grew its position in shares of Mister Car Wash by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,766,902 shares of the company’s stock worth $53,816,000 after buying an additional 85,887 shares during the period. Finally, Citigroup Inc. raised its stake in shares of Mister Car Wash by 18.5% during the third quarter. Citigroup Inc. now owns 82,078 shares of the company’s stock worth $452,000 after buying an additional 12,830 shares during the last quarter.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $7.32 on Friday. Mister Car Wash, Inc. has a 12 month low of $4.80 and a 12 month high of $10.07. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $2.33 billion, a PE ratio of 31.83, a PEG ratio of 2.20 and a beta of 1.66. The stock’s fifty day simple moving average is $7.29 and its 200 day simple moving average is $7.57.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Mister Car Wash had a return on equity of 9.48% and a net margin of 8.04%. The business had revenue of $230.14 million for the quarter, compared to analyst estimates of $230.89 million. On average, research analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Insiders Place Their Bets

In other news, insider Joseph Duane Matheny sold 37,152 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $8.93, for a total value of $331,767.36. Following the completion of the transaction, the insider now owns 75,515 shares in the company, valued at $674,348.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Mister Car Wash news, insider Joseph Duane Matheny sold 37,152 shares of Mister Car Wash stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $8.93, for a total value of $331,767.36. Following the sale, the insider now owns 75,515 shares of the company’s stock, valued at approximately $674,348.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mayra Idali Chimienti sold 35,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $7.05, for a total value of $246,750.00. Following the completion of the sale, the chief operating officer now owns 270,523 shares in the company, valued at $1,907,187.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,161 shares of company stock worth $824,667. Company insiders own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MCW. JPMorgan Chase & Co. raised shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price objective on the stock in a research note on Friday. Wells Fargo & Company reduced their price target on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, April 22nd. Robert W. Baird upped their price objective on Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Mizuho initiated coverage on Mister Car Wash in a research note on Tuesday, March 19th. They issued a “buy” rating and a $11.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Mister Car Wash has a consensus rating of “Moderate Buy” and a consensus target price of $9.56.

Mister Car Wash Company Profile

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.