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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Clean Harbors ( CLH) pushed the Materials & Construction industry higher today making it today's featured materials & construction winner. The industry as a whole closed the day up 0.2%. By the end of trading, Clean Harbors rose 60 cents (1.1%) to $56.08 on light volume. Throughout the day, 454,512 shares of Clean Harbors exchanged hands as compared to its average daily volume of 674,500 shares. The stock ranged in a price between $55.44-$56.29 after having opened the day at $55.50 as compared to the previous trading day's close of $55.48. Other companies within the Materials & Construction industry that increased today were: India Globalization Capital ( IGC), up 14.3%, Pure Cycle Corporation ( PCYO), up 5.9%, China Advanced Construction Materials Group ( CADC), up 4.2%, and PGT ( PGTI), up 3.8%.
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Clean Harbors, Inc., through its subsidiaries, provides environmental, energy, and industrial services. Clean Harbors has a market cap of $2.95 billion and is part of the industrial goods sector. The company has a P/E ratio of 27.8, above the S&P 500 P/E ratio of 17.7. Shares are up 0.9% 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 three rate it a hold.

TheStreet Ratings rates Clean Harbors as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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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