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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.9%. By the end of trading, Clean Harbors fell $0.99 (-1.7%) to $57.86 on average volume. Throughout the day, 823,070 shares of Clean Harbors exchanged hands as compared to its average daily volume of 581,500 shares. The stock ranged in price between $57.23-$58.87 after having opened the day at $58.87 as compared to the previous trading day's close of $58.85. Other companies within the Industrial Goods sector that declined today were: Clean Diesel Technologies ( CDTI), down 8.9%, ExOne ( XONE), down 8.7%, Industrial Services of America ( IDSA), down 7.7% and LGL Group ( LGL), down 7.2%.

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 $3.6 billion and is part of the materials & construction industry. The company has a P/E ratio of 25.9, above the S&P 500 P/E ratio of 17.7. Shares are down 1.9% year to date as of the close of trading on Tuesday. Currently there are 9 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, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Astrotech Corporation ( ASTC), up 19.7%, ARC Group Worldwide ( ARCW), up 8.3%, Broadwind Energy ( BWEN), up 8.0% and American Electric Technologies ( AETI), up 7.9% , were all gainers within the industrial goods sector with Lockheed Martin Corporation ( LMT) 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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