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Clean Harbors (CLH) Moving On Heavy Pre-Market Trading

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Clean Harbors ( CLH) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Clean Harbors as such a stock due to the following factors:

  • CLH has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $20.7 million.
  • CLH traded 63,883 shares today in the pre-market hours as of 8:52 AM, representing 14.5% of its average daily volume.

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More details on CLH:

Clean Harbors, Inc., through its subsidiaries, provides environmental, energy, and industrial services in the United States, Puerto Rico, Canada, and internationally. It operates in four segments: Technical Services, Field Services, Industrial Services, and Oil and Gas Field Services. CLH has a PE ratio of 23.7. Currently there are 8 analysts that rate Clean Harbors a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Clean Harbors has been 555,000 shares per day over the past 30 days. Clean Harbors has a market cap of $3.2 billion and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 0.58 and a short float of 9.8% with 10.51 days to cover. Shares are down 10.7% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Clean Harbors as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • CLH's very impressive revenue growth greatly exceeded the industry average of 6.6%. Since the same quarter one year prior, revenues leaped by 70.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The debt-to-equity ratio is somewhat low, currently at 0.95, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.35, which illustrates the ability to avoid short-term cash problems.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Services & Supplies industry. The net income increased by 186.1% when compared to the same quarter one year prior, rising from $12.36 million to $35.36 million.
  • Net operating cash flow has significantly increased by 150.36% to $142.50 million when compared to the same quarter last year. In addition, CLEAN HARBORS INC has also vastly surpassed the industry average cash flow growth rate of -0.50%.

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