5 Best Global Stocks To Buy Now

4. Aptiv PLC (NYSE:APTV)

Number of Hedge Fund Holders: 43

Aptiv PLC (NYSE:APTV) was founded in 2011 and is based in Dublin, Ireland. The company designs, manufactures, and sells vehicle components worldwide, in addition to offering electronic and safety technology solutions to the automotive and commercial vehicle markets. On September 13, Aptiv PLC (NYSE:APTV) announced that it has agreed to acquire an 85% equity stake in Intercable Automotive Solutions, a subsidiary of Intercable, for €595 million. The acquisition will elevate Aptiv PLC (NYSE:APTV)’s portfolio of high-voltage system solutions.

On September 28, Berenberg analyst Jared Maymon assumed coverage of Aptiv PLC (NYSE:APTV) with a Buy rating and a $130 price target, citing the company’s sizable market share and its investments in high-voltage electrification, active safety, and user experience. 

Among the hedge funds tracked by Insider Monkey, 43 funds were bullish on Aptiv PLC (NYSE:APTV) at the end of June 2022, compared to 48 funds in the last quarter. Ian Simm’s Impax Asset Management is the biggest stakeholder of the company, with 4.7 million shares worth $417 million.

Here is what ClearBridge Investments Sustainability Leaders Strategy has to say about Aptiv PLC (NYSE:APTV) in its Q1 2022 investor letter:

“The acceleration in electrification of transport should support electric vehicle (EV)-related stocks like Aptiv (NYSE:APTV), which came under pressure in the quarter on concerns the auto cycle is past its peak. Aptiv provides a range of solutions for the auto industry, including autonomous driving technologies, safety technologies, components, and wiring. The large exposure of APTV to EVs should lead to long-term value as EVs continue their growth, boosted by their relative attractiveness as prices at the pump hit near-historic highs.”