5 Best Auto Parts Stocks to Buy Now

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1. Aptiv PLC (NYSE:APTV

Number of Hedge Fund Holders: 41

Aptiv PLC (NYSE:APTV) was held by 41 hedge funds at the end of Q4 2022. These funds disclosed positions worth $1.45 billion in the company. As of December 31, Impax Asset Management is the top shareholder in the company and has disclosed a position worth $477.9 million.

Aptiv PLC (NYSE:APTV) is the best auto parts stock to buy according to hedge funds. The stock has returned 13.05% to investors over the past 6 months, as of April 25.

On April 17, Barclays analyst Dan Levy revised his price target on Aptiv PLC (NYSE:APTV) to $142 from $150 and reiterated an Overweight rating on the shares.

TimesSquare Capital Management made the following comment about Aptiv PLC (NYSE:APTV) in its Q4 2022 investor letter:

Aptiv PLC (NYSE:APTV), a designer and manufacturer of vehicle components for original equipment manufacturers, rose 19%. Results from the latest quarter were above expectations and management maintained the outlook for revenue growth on bookings strength. Management acknowledged that 2023 could be difficult to forecast due to macroeconomic headwinds.”

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