Mister Car Wash, Inc. (NYSE:MCW) Stock Position Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 23.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,300 shares of the company’s stock after buying an additional 11,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Mister Car Wash were worth $460,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. FIL Ltd lifted its holdings in Mister Car Wash by 2.4% in the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock valued at $72,281,000 after acquiring an additional 230,100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Mister Car Wash by 25.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after purchasing an additional 912,944 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mister Car Wash by 43.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock worth $22,895,000 after buying an additional 958,479 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Mister Car Wash by 5.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,639,121 shares of the company’s stock worth $19,239,000 after buying an additional 127,791 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Mister Car Wash by 103.5% in the fourth quarter. Marshall Wace LLP now owns 2,152,718 shares of the company’s stock worth $15,693,000 after buying an additional 1,094,751 shares during the last quarter.

Mister Car Wash Stock Down 2.3%

Shares of Mister Car Wash stock opened at $6.32 on Monday. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.60. The company has a market cap of $2.05 billion, a P/E ratio of 28.73, a P/E/G ratio of 1.65 and a beta of 1.56. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $7.14 and a 200 day moving average price of $7.47.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. During the same period last year, the business earned $0.08 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts expect that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group reduced their price objective on Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Stephens decreased their price target on Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Raymond James assumed coverage on Mister Car Wash in a report on Thursday, March 13th. They set an “outperform” rating and a $10.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a research note on Tuesday, June 3rd. They set a “sell” rating and a $6.25 price objective for the company. Finally, Morgan Stanley lifted their target price on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.50.

Insiders Place Their Bets

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 9,187 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $61,461.03. Following the transaction, the chief financial officer now directly owns 66,994 shares of the company’s stock, valued at $448,189.86. This represents a 12.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mary Lyn Porter sold 6,303 shares of Mister Car Wash stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.69, for a total value of $42,167.07. Following the sale, the insider now owns 23,081 shares of the company’s stock, valued at approximately $154,411.89. This represents a 21.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 174,508 shares of company stock worth $1,279,800 in the last quarter. 69.00% of the stock is currently owned by corporate insiders.

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.