Clean Harbors Inc. (CLH): Today's Featured Industrial Goods Laggard

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 Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Clean Harbors fell 88 cents (-1.6%) to $55.62 on average volume. Throughout the day, 639,771 shares of Clean Harbors exchanged hands as compared to its average daily volume of 680,500 shares. The stock ranged in price between $55.48-$56.81 after having opened the day at $56.52 as compared to the previous trading day's close of $56.50. Other companies within the Industrial Goods sector that declined today were: OSI Systems ( OSIS), down 19.7%, India Globalization Capital ( IGC), down 9.6%, Goldfield ( GV), down 9.6%, and Tri-Tech ( TRIT), down 7.7%.
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Clean Harbors, Inc., through its subsidiaries, provides environmental, energy, and industrial services. Clean Harbors has a market cap of $3.02 billion and is part of the materials & construction industry. The company has a P/E ratio of 28.4, above the S&P 500 P/E ratio of 17.7. Shares are up 2.6% year to date as of the close of trading on Wednesday. Currently there are seven 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.

On the positive front, Continental Materials Corporation ( CUO), up 18.6%, Briggs & Stratton Corporation ( BGG), up 10.2%, Embraer S.A ( ERJ), up 9.1%, and Innovative Solutions and Support ( ISSC), up 8.7%, were all gainers within the industrial goods sector with Timken Company ( TKR) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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