AGT FOOD & INGREDIENTS $28.73 (Toronto symbol AGT; TSINetwork Rating: Extra Risk) (604-231- 1100; www.alliancegrain.com; Shares outstanding: 23.1 million; Market cap: $669.37 million; Dividend yield: 2.1%) earned $0.42 a share in the quarter ended March 31, 2015, up 162.5% from $0.16 a year earlier. Revenue gained 23.7%, to $385.2 million from $311.3 million. The increases came from recent acquisitions and higher processing activity.
The company recently agreed to pay a total of $26.7 million for the assets of two firms: West Central Road & Rail Ltd. and Prairie Processing (1989) Ltd. These properties, which include five loading sites and a processing facility in Saskatchewan, should let AGT ship more crops and boost its efficiency. The company expects to complete these purchases in June 2015.
AGT Food & Ingredients is a buy.