3 Stocks Underperforming Today In The Industrial Goods Sector

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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 23 points (-0.2%) at 15,060 as of Friday, May 10, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,550 issues advancing vs. 1,371 declining with 121 unchanged.

The Industrial Goods sector currently sits up 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Nidec Corporation ( NJ), down 2.94, and ABB ( ABB), down 1.72. Top gainers within the sector include Royal Philips Electronics ( PHG), up 2.8%, Fastenal Company ( FAST), up 2.1% and Cemex S.A.B. de C.V ( CX), up 1.9%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. Republic Services ( RSG) is one of the companies pushing the Industrial Goods sector lower today. As of noon trading, Republic Services is down $0.43 (-1.2%) to $34.13 on average volume Thus far, 618,686 shares of Republic Services exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $34.12-$34.61 after having opened the day at $34.56 as compared to the previous trading day's close of $34.56.

Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, and recycling and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. Republic Services has a market cap of $12.6 billion and is part of the materials & construction industry. The company has a P/E ratio of 23.1, above the S&P 500 P/E ratio of 17.7. Shares are up 17.8% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Republic Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Republic Services Ratings Report now.

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