5 Best Auto-Parts Stocks to Buy for 2021

Below we presented the list of 5 best auto-parts stocks to buy for 2021. For a detailed discussion and a more comprehensive list see the 10 Best Auto-Parts Stocks to Buy for 2021.

5. BorgWarner Inc. (NYSE: BWA)

As of the end of the third quarter, 30 hedge funds in our system had BorgWarner Inc. (NYSE: BWA) shares in their portfolios. The collective worth of these investments is $797 million.  Ric Dillon’s Diamond Hill Capital is the top stakeholder in the company, with 9,965,259 shares worth over $386.05 million.

BorgWarner Inc. (NYSE: BWA) shares are down over 11% year to date. In October, the company completed its acquisition of Delphi Technologies. The deal is expected to give BorgWarner a strong advantage in the electrified propulsion systems market. On Dec. 21, RBC Capital analyst Joseph Spak maintained a Hold rating for BorgWarner stock with a price target of $40. The analyst expects the company to post EPS of $0.54 for the fourth quarter of 2020.

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