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 was unchanged today. By the end of trading, Clean Harbors fell $1.98 (-3.5%) to $53.73 on light volume. Throughout the day, 490,885 shares of Clean Harbors exchanged hands as compared to its average daily volume of 671,100 shares. The stock ranged in price between $53.52-$55.59 after having opened the day at $55.59 as compared to the previous trading day's close of $55.71. Other companies within the Industrial Goods sector that declined today were: Research Frontiers ( REFR), down 7.4%, Perma-Fix Environmental Services ( PESI), down 7.1%, IntriCon Corporation ( IIN), down 6.3% and Arotech Corporation ( ARTX), down 5.1%.
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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. Clean Harbors has a market cap of $3.4 billion and is part of the materials & construction industry. The company has a P/E ratio of 28.2, above the S&P 500 P/E ratio of 17.7. Shares are up 1.2% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Clean Harbors a buy, no analysts rate it a sell, and 1 rates 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 and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Ecotality ( ECTY), down 19.2%, Kubota Corporation ( KUB), down 12.9%, Adept Technology ( ADEP), down 11.9% and ZBB Energy Corporation ( ZBB), down 11.2% , were all gainers within the industrial goods sector with Manitowoc ( MTW) 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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