Moerus Capital Management LLC, an investment management firm, stated in its latest Q2 2026 investor letter that it has initiated a position in CNH Industrial N.V. (NYSE:CNH), a U.S. agricultural and construction machinery manufacturer. Moerus believes CNH Industrial is undervalued and is optimistic about the recovery of the agricultural equipment market. CNH Industrial N.V.'s stock closed at approximately $14.40 on September 7, 2026, with a market capitalization of approximately $22.02 billion.