Groups objects together under a new transform node, allowing you to select and transform them all at once.
Group Under
Group objects under one of the following:
Groups the selected objects under their lowest common parent in the hierarchy. For example, selecting a single object and grouping puts the group node immediately above the selected object in the hierarchy.
Selecting objects that are in different hierarchies puts the group under the world since they don’t share a common parent.
Selecting objects in different parts of the same hierarchy puts the objects under their lowest common parent. If you go from each selected object, the new group will be placed under the first node containing all the selected objects.