5 Best EV Stocks to Invest In

3. Aptiv PLC (NYSE: APTV)

Number of  Hedge Fund Holders: 50

Aptiv PLC (NYSE: APTV) is a manufacturer of vehicle components that operates across the world. The company provides electrical and technology solutions for the automotive and commercial vehicle markets and has become a renowned player in the EV industry as well. It ranks 3rd on our list of the best EV stocks to invest in.

For the first quarter of 2021, Aptiv PLC (NYSE: APTV) had EPS of $1.06 versus estimates of $0.78. The company also reported $4.02 billion in revenue for that quarter and has a gross profit margin of 16.47%. The stock has gained 19.42% in the past 6 months and 13.71% year to date.

By the end of the first quarter of 2021, 50 hedge funds out of the 866 tracked by Insider Monkey held stakes in this company. The total value of their stakes was about $1.42 billion. Comparatively, in the previous quarter 44 hedge funds held stakes in the company worth roughly $1.35 billion.

Oakmark Funds, an investment management firm, mentioned Aptiv PLC (NYSE: APTV) in its first-quarter 2021 investor letter. Here is what they said:

“Aptiv approached our estimates of intrinsic value and was, therefore, eliminated during the period. The company was longstanding investment of the Fund and produced successful outcomes. We continue to believe that Aptiv is a well-positioned auto supplier that is likely to continue outgrowing light vehicle production for the foreseeable future, but this dynamic is now more fully appreciated by the market.”