Clean Harbors Inc. (CLH): Today's Featured Materials & Construction Loser

Clean Harbors ( CLH) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction loser. The industry as a whole closed the day up 1%. By the end of trading, Clean Harbors fell $1.38 (-2.4%) to $57.26 on heavy volume. Throughout the day, 752,600 shares of Clean Harbors exchanged hands as compared to its average daily volume of 416,900 shares. The stock ranged in price between $57.18-$58.72 after having opened the day at $58.65 as compared to the previous trading day's close of $58.64. Other company's within the Materials & Construction industry that declined today were: India Globalization Capital ( IGC), down 11.6%, Nobility Homes ( NOBH), down 7.8%, Ecology and Environment ( EEI), down 7.7%, and Guanwei Recycling ( GPRC), down 4.4%.

Clean Harbors, Inc., through its subsidiaries, provides environmental, energy, and industrial services. Clean Harbors has a market cap of $3.14 billion and is part of the industrial goods sector. The company has a P/E ratio of 23, above the average materials & construction industry P/E ratio of 22.9 and above the S&P 500 P/E ratio of 17.7. Shares are down 9.2% year to date as of the close of trading on Thursday. Currently there are six analysts that rate Clean Harbors a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet 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, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Hovnanian ( HOV), up 7.8%, Integrated Electrical Services ( IESC), up 7.5%, Tutor Perini ( TPC), up 6%, and Veolia Environnement ( VE), up 5.7%, were all gainers within the materials & construction industry with Fastenal Company ( FAST) being today's featured materials & construction industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider SPDR S&P Homebuilders ETF ( XHB) while those bearish on the materials & construction industry could consider ProShares Short Basic Materials Fd ( SBM).
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