US Bancorp DE Increases Position in Mister Car Wash, Inc. (NYSE:MCW)

US Bancorp DE increased its stake in Mister Car Wash, Inc. (NYSE:MCW) by 2,317.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,212 shares of the company’s stock after purchasing an additional 16,500 shares during the quarter. US Bancorp DE’s holdings in Mister Car Wash were worth $125,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MCW. GSA Capital Partners LLP boosted its position in Mister Car Wash by 214.9% during the third quarter. GSA Capital Partners LLP now owns 102,307 shares of the company’s stock worth $666,000 after acquiring an additional 69,817 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Mister Car Wash by 19.5% in the 3rd quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock valued at $414,000 after purchasing an additional 10,377 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Mister Car Wash in the 3rd quarter valued at about $786,000. Landscape Capital Management L.L.C. lifted its stake in shares of Mister Car Wash by 337.1% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 102,327 shares of the company’s stock valued at $666,000 after purchasing an additional 78,919 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of Mister Car Wash by 595.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 156,046 shares of the company’s stock valued at $1,016,000 after purchasing an additional 133,605 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MCW. Stephens began coverage on Mister Car Wash in a report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 target price on the stock. Wells Fargo & Company dropped their price objective on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Morgan Stanley boosted their price target on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. UBS Group boosted their price target on Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, February 20th. Finally, Raymond James began coverage on Mister Car Wash in a research report on Thursday. They set an “outperform” rating and a $10.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.75.

Mister Car Wash Trading Up 1.8 %

Shares of Mister Car Wash stock opened at $7.93 on Monday. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.56. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $7.64 and a 200-day simple moving average of $7.29.

Insider Activity

In related news, CEO John Lo-Minn Lai sold 22,039 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the completion of the sale, the chief executive officer now directly owns 4,479,420 shares of the company’s stock, valued at approximately $37,806,304.80. This represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Duane Matheny sold 74,304 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total value of $598,147.20. Following the completion of the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $653,708.30. This represents a 47.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 270,272 shares of company stock valued at $2,247,041 over the last three months. Insiders own 70.00% of the company’s stock.

About Mister Car Wash

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.